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How To Rent a House The Right Way ?

How To Rent a House The Right Way ?

By

David Doe
*

Published in

Real Estate
*

09 Dec 2021


Finding a place to live is a top priority for most newcomers when they arrive in Canada. Newcomers usually book their first stay in advance, as with any international trip. And for the first few days or weeks, or even months, a temporary accommodation such as a hotel, hostel, condo, apartment or house is usually the best option. The time it takes to find a place depends on the demand-supply ratio and vacancy rate in the rental market of the Canadian city to which you are relocating. Many newcomers find it difficult to secure rental spaces in major cities like Toronto due to factors such as credit history and employment proof !

We will provide a home rental guide in this article on all of the norms, requirements, and processes involved in renting a place so that you arrive informed and prepared to confidently begin the next chapter of your life in Canada !

As a newcomer to Canada, how do you find your first rental ?

finding a rental

Choose between a self-search or a realtor approach to finding a rental !

There are two methods for locating accommodation in Canada. You can do the following: Conduct your own search using a variety of online and offline resources: You can look at sites like ViewIt and Condos.ca to get a sense of what rents are like in different areas. Use sites or apps like Craigslist, Kijiji, Zumper, and Padmapper to find better deals. All of these websites act as listing aggregators, allowing tenants to communicate directly with landlords. You can also hire a real estate agent or realtor: There are a lot of realtors and real estate agencies that can help you find a place to live. Realtor.ca is a great place to start looking for another option is to look through listings on websites such as ViewIt and Condos.ca; each listing will typically include the name and contact information for a realtor with whom you can speak !

neighbourhood

Identify the location of the neighbourhood

After you've decided on which Canadian province and city you'd like to relocate to, the next step is to choose a neighbourhood in which to live. When researching neighbourhoods, keep the following in mind:

• Parking

• Crime rates

• Monthly travel costs

• Average rental costs in a specific area

• Commute time to the core downtown or city centre or major business hubs.

• Proximity to schools, your workplace, grocery stores, places of worship, transportation, shopping malls, etc.

accommodation

Choose a type of accommodation

You should be familiar with the following types of accommodations:

  • Apartment: Apartments range from walk-up units in low-rise buildings to units with elevator access, according to the Canada Housing and Mortgage Corporation (CHMC). Apartment building amenities range from a single onsite washer and dryer to full laundry rooms, common areas, and fitness centres. This type of accommodation is quite affordable !

  • Condominium (condo): A condo is a unit in a high-rise apartment building that is similar to a suite or a flat. Condo residents typically have access to the building's shared amenities, such as a gym, swimming pool, and party room !

  • Rooming house: According to the Canadian Mental Health Commission, rooming houses rent out rooms to individuals. Other tenants usually share the kitchen, bathroom, and living room !

  • House: Townhouses, duplexes, semi-detached, and single-detached houses are classified as house rentals by the CMHC. Two or three separate apartments may be stacked on top of each other in a house. A duplex is a house divided into two units, while a triplex is a house divided into three units. A basement apartment in a home is frequently referred to as an apartment. House rentals offer more space than most apartments and the benefit of access to some outdoor areas such as patios, lawns, gardens, and parking !

Look for properties that meet your requirements

Use online filters to narrow down your options when looking for suitable accommodation, or communicate your preferences to a realtor if you're using one. Here are some questions you might want to ask the landlord and/or realtor while shortlisting:

  • A breakdown of the rent: Inquire about the inclusions and exclusions in the rental agreement. Water, electricity, heating, air conditioning (AC), internet, and cable may or may not be included in the price. It's possible that you'll have to pay extra for a parking spot. Most units in Canada come with a fully equipped kitchen with all major appliances. However, it's a good idea to double-check that this isn't the case.

  • Guest policy: Depending on the type of lodging, having guests over and adhering to "quiet hours" may be subject to rules and limitations.

  • Lease length: Not every rental unit comes with a one-year lease; some landlords may require you to sign a shorter or longer agreement.

  • Move-in date: Typically, units or apartments are listed for rent two months prior to the move-in date (for instance, an apartment advertised on August 1 becomes available October 1). In addition, most leases start on the first of the month.

Prepare essential documents

To be able to rent a place, you will have to provide certain documents to prove that you can pay the rent on time and can afford the rent. Landlords may ask for:

  • Employment letter
  • Credit report
  • References
  • Bank statements

Sign the lease agreement

To be able to rent a space, you will need to show proof that you can pay the rent on time and that you can afford the space. Landlords may request:

  • A letter from your employer
  • Credit history
  • Bibliography (from friends or family or previous landlords in Canada)
  • Account statements

Put your signature on the lease agreement

A lease is a legally binding agreement between you and your landlord. It specifies the rent you'll pay and the lease's start and end dates, as well as other rules regarding pets and smoking, what happens at the end of your lease, and so on. You will be required to submit an application form to the landlord once you have decided on the apartment, house, or condo you want to rent. Your landlord will share the lease agreement with you to review and sign if you are accepted as a tenant.

A lease is a legally binding agreement between you and your landlord. It specifies the rent you'll pay and the lease's start and end dates, as well as other rules regarding pets and smoking, what happens at the end of your lease, and so on. You will be required to submit an application form to the landlord once you have decided on the apartment, house, or condo you want to rent. Your landlord will share the lease agreement with you to review and sign if you are accepted as a tenant. Following the completion of these basic formalities, you must make all necessary payments (depending on your province, it may include first and last month rent and other deposits !

Arrange for any utilities to be transferred

Because you'll almost certainly be moving into a unit that has previously been rented, some utilities, such as hydro, may need to be transferred to your name from the previous tenants or the landlord !

Live

It's time to move in after you've signed the lease, received the keys, and transferred the utilities. If you have any additional paperwork to fill out after moving in, check with your landlord and/or building management !

Payment of rent and lease length

Each Canadian province has its own set of rules and home rental guide for paying rent. In Ontario, for example, you must pay the first and last month's rent before moving in, and no security deposit is required. However, in some provinces, such as Vancouver, a security deposit equal to one month's rent may be required.

In most provinces, leases are signed for a year, after which tenants are considered month-to-month (unless a new lease is signed), which means you won't have to sign a new lease for the following year. The length of notice if you intend to move out varies by province. Check the house rental guide for the province where you'll be living. If you are looking for a real estate agent in Canada or the GTA region, you can also contact Guglu Homes !

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