What Are Your Obligations As a Landlord?

If your job is being a landlord, then you are expected to make sure your property is well maintained, habitable and comfortable for your potential and existing tenants. It is your duty to help create this ideal house that will be your tenants home. These duties are generally classified into two categoriesproperty repair and property maintenance.

When it comes to repair, the landlord is required to fix anything that belongs to the Toronto Property manager that breaks, becomes inoperable or malfunctions. These are the basic responsibilities of the landlord so the tenant will not be inconvenienced in any way. The landlord must be able to fix objects particularly those necessary for everyday life, which includes running and hot water as well as systems for heating, ventilation and air conditioning.

When a damaged or broken object is not caused by the tenant, it is usually the landlords responsibility to provide the repairs. For example, if a window was broken due to outside circumstances, such as kids playing baseball or strong winds brought by a storm system, the landlord will have to fix these things without charging the tenant. And even if the tenant was accountable for the damage, the landlord will still have to provide the necessary repairs. But since the damaged was caused by the tenant, the landlord has the right to ask the tenant for a reimbursement for the repair costs or they can compromise to deduct the expenses from the tenants deposit.

It is also a landlords duty to ensure the property benefits from regular check-ups and maintenance. Maintaining a property commonly includes small tasks, such as lawn mowing and maintenance, to larger chores like putting a new roof. It is important for the landlord to regularly inspect the property to avoid serious problems in the future. Also, by doing so the landlord keeps the value of the property and thus ensures the profitability of the Brampton Property Management for a longer term.

However these tasks are not the sole responsibilities of a landlord. In some other occasions, however, a landlord can assign the tenants to do the menial tasks such as removing snow on the pathway and mowing the lawn. Some tenants also volunteer to do chores in exchange for a deduction from the monthly rental fee they have to pay.

When a tenant moves out, a landlord can opt to charge the tenant a cleaning fee to finance all the cleaning activities necessary for the house. It is also advised that the landlord invest in redecorating the property and keeping it up to date with the latest designs and necessary equipment and systems in houses. It is highly recommended for both parties to state these responsibilities and agreement in their lease contract, to avoid misunderstandings in the future.

Proper care and maintenance is of utmost priority for a landlord since this will be the primary factor that will either make the tenant say yes or no to renting the Toronto Property Management. If you want your investment to last, you must make sure to spend the time and exert effort in keeping your investment well maintained if you do not want to run out of business in the future.