What to do when tenants don’t pay rent: Canadian landlord advice | Tenant Eviction Notice

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#CanadianLandlords #RentNonPayment #EvictionProcess #LandlordTips

What to Do When Tenants Don’t Pay Rent: Canadian Landlord Advice

In this video, we'll guide you through what to do when tenants don’t pay rent in Canada.

📢 New Announcement: We'll start with an important update on the latest rent increase cap and its implications for landlords. This will help you understand the legal limits on how much you can raise the rent and stay compliant with local regulations.

❌ Common Eviction Reasons: Understand the frequent reasons for tenant evictions, such as non-payment of rent, property damage, or violation of lease terms. Knowing these can help you prevent issues and manage your property more effectively.

🤔 What Are My Options If My Tenants Stop Paying Rent? Explore the legal options and strategies available to you as a Canadian landlord. This includes sending reminder notices, setting up payment plans, or taking legal action if necessary.

🔄 3 Step Process: Follow our straightforward 3-step process to manage rent non-payment issues efficiently:

Communication: Start by contacting your tenant to discuss the issue and find out why the rent hasn't been paid. Offer to set up a payment plan to help them catch up on missed payments.
Serve Notice: If communication doesn't resolve the issue, serve a formal notice to the tenant as required by your province or territory's regulations. This is the first legal step in the eviction process.
Involve the LTB (Landlord and Tenant Board): If the tenant still doesn't pay, file an application with the Landlord and Tenant Board (LTB) to start the official eviction process. Make sure to have all documentation of communications and missed payments ready for the hearing.

⚠️ Mistakes to Avoid During the Process: Learn about common mistakes to avoid, such as failing to provide proper notice, not documenting everything, or acting hastily without following legal procedures. Avoiding these mistakes will ensure a smoother eviction process.

🔚 Conclusion: We'll wrap up with key takeaways and best practices for dealing with rent non-payment. This includes maintaining open communication with tenants, staying informed about local laws, and being prepared to take appropriate legal action if necessary.

📌 Don’t forget to like, subscribe, and hit the notification bell for more valuable landlord advice!

#CanadianLandlords #RentNonPayment #EvictionProcess #LandlordTips #PropertyManagement #RentalProperty #TenantIssues #RealEstateCanada

Transcript:
0:00 Intro
0:56 Rent Increase Cap 2025
2:17 Common eviction reasons
2:45 Tenants stop paying rent
2:53 Three-step processes
5:24 Conclusion

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''The content, information, and material (whether or not it states any opinions) are for general information purposes only and do not consider your personal circumstances or objectives. Nothing in this material is (or should be considered) financial, investment or other advice on which reliance should be placed. No opinions given in the material constitute a recommendation by LGCPA Professional Accountants or any of its affiliates.

Although the information set out in this marketing communication is obtained from sources believed to be reliable, neither LGCPA Professional Accountants nor the author guarantees accuracy or completeness. All information is indicative and subject to change without notice and may be out of date at any given time.
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