As a landlord, you are provided with some rights. It is important to have a clear understanding of those rights as you rent out your property. Then you can overcome numerous struggles that will come on your way in the future. While keeping that in mind, let’s take a look at the rights you have as a landlord.
The right to evict tenants
As a landlord, you will be able to evict tenants, while protecting their rights. Here are some of the reasons on when you can evict tenants as a landlord.
- When the tenants fail to make payments on time or any payment at all.
- When the tenants cause damages to your property.
- When the tenants use your property for illegal activities.
- When there are too many people living within your property.
- When you wish to demolish your property.
- When the tenants cause disturbance to the audience.
- When you have plans to use the property for another reason instead of renting it.
The right to increase rent
As the landlord, you can increase rent as well. However, there are few limitations that you need to be mindful about. You will need to wait for a period of 12-months after you rent a property to increase the rent. There is a maximum percentage on where you can increase the rent as well. This amount varies every year, and it is determined by the Ontario Landlord and Tenant Board.
The right to enter into your rental unit
You can enter into your property for inspection and maintenance, while respecting privacy of tenants. Here are the restrictions associated with entering your property:
- You should enter in between 8:00 am and 8:00 pm
- You can enter the property for insurance and mortgage purposes.
- You can enter the property to show it to potential buyers.
- You can do inspections for legal purposes.
Keep these rights in mind and you can overcome confusions that you will come across.