If you have been searching for a home for a while, you have noticed that there is a lot of competition out there. Rents are rising and the best places go quickly.
Here are some tips to help you navigate this market.
1. Have your Rental Application ready. Every Landlord will ask you for this form and having it pre-filled will save you time and show your future Landlord that you are serious and thoughtful.
It is a good idea to fill the fields before printing. You can also save several copies of the pre-filled form (leave the address and the amount of rent fields blank). When you find the right place you can immediately add the missing information and send your application without any delays.
2. Get a proof of employment. Typically you will be asked for the last few pay stubs. Make sure you scan them and save copies for printing or email delivery. If you are moving into the area and don't have any pay stubs to prove that you have found a job, ask your employer to provide a Letter of Employment, stating your position and wages.
3. Get your credit history and credit score. Landlords want to know that you have a good credit history and are in a habit of paying your bills. Most often Landlords ask for the Equifax credit report and may not be too keen on the accepting reports from other providers. You can get your Equifax report from >>here >>
4. Have your deposit ready. By law, a Landlord can only ask you for the First and Last month’s rent up-front. Typically, the Landlord will expect a personal cheque rather than cash. If you find yourself in a competing situation, you can offer the Landlord a certified cheque or a money order. This will put you a step ahead of the competition.
5. Familiarize yourself with the necessary forms.Your future Landlord will provide you with a standard lease agreement and Information for New Tenants. However, you should review this information ahead of time. You can even impress your Landlord by printing it, filling it out and having it ready for your Landlord to sign.
6. Pets. Most people love animals, chances are your Landlord has pets too, but it doesn't mean that they are going to love your pets. Some animals may cause damage or simply be a nuisance. Landlords don't like to see their properties being damaged or having other tenants complain, so if you cannot find a willing and cooperative Landlord, consider paying additional rent for your pet. That's right, you can offer the Landlord an incentive to have you and your pet as tenants. Again, this will send a clear message to the Landlord that you take matters seriously and that you will take care of your pet and the property.
7. Smoking. If you have been looking for a while, you have noticed that smoking is not acceptable at almost every rental property out there. Smoking is known to have adverse effects on human (and pet) health, and can cause significant property damage. If you lie about smoking, this will most likely lead to eviction. Simply speaking, if you are serious about finding a good home, you have to make some tough choices.
8. Cannabis. Despite the fact that cannabis use is legal in Canada, the same “no smoking” rules apply. Also growing it in a home can cause significant damage and create bad relations with your Landlord and your neighbours. Even if you use cannabis for medicinal purposes, you should advise the Landlord up-front to avoid future disputes.
|Rental Application||65.91 KB|
|Information for New Tenants||55.16 KB|
|Standard Lease||1.1 MB|