When a rental unit is vacant, the market rent determines the price. Since there is always a shortage of rental units, rent negotiation between landlord and tenant plays a smaller role. Once the tenancy begins, the rules about rent in the Residential Tenancies Act (RTA) apply. For more information, visit the Ontario Landlord & Tenant Board site.
How is rent decided?
Amit Kalia2019-07-26T12:54:23-04:00July 26th, 2019|
About the Author: Amit Kalia
Amit is a full time local REALTOR® with RE/MAX Real Estate Brokerage Inc. in Mississauga. RE/MAX is Canada's #1 real estate company. Team Kalia serves property sellers, first time buyers, investors, landlords, new immigrants and non-residents in Mississauga including Square One City Centre area. Team Kalia offers a 30 Days Sold Guarantee to Sellers. They also provide tenant finding services to their investor clients.