Owning or managing rental units has many fine points. A landlord may like the work of maintaining the property and find it a relatively dependable income. A landlord may also enjoy getting to know the tenants and sharing a certain comradery with them. While most tenants in Toronto and the GTA may be respectful and friendly, landlord and tenant issues may arise that a building manager may not know how to handle. Of course, there is always the chance that a tenant will turn out to be a nightmare.
Tenants who create a constant disturbance can make living unbearable for other tenants. Additionally, having bad tenants may result in losing good ones and making it difficult to replace that lost income. Some tenants may destroy or damage property. Others may leave a unit so trashed it will cost substantially to have it cleaned and restored to rentable condition.
Advocates for landlord rights recommend potential renters be carefully vetted before handing over the keys. Sometimes an applicant may try to bypass this process by sharing a very moving story to pluck a landlord's emotions, but consultants recommend that landlords remember they are making a business arrangement. Landlords may be asking for trouble if they skip important steps like doing a credit check, calling every reference and even checking an applicant's social media.
In Toronto, the legal benefit of the doubt often goes to the tenant, and landlords must know their rights to avoid negative consequences. Seeking assistance quickly may prevent such issues from escalating to disrupt the peace of the entire building. Having recourse to an experienced lawyer means having solid legal support during any landlord and tenant issues.
Source: highgateproperties.ca, "An Ontario Landlord's Best Practice Guide for Avoiding Bad Tenants", Justin Maloney, Accessed on June 16, 2017