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    Cameron Campbell and Angie Naccarato

    Sales Representatives

    RE/MAX Realty Specialists Inc., Brokerage

    Finding the right place takes effort and time, whether you are a first-time renter or an experienced tenant.  We can help you to locate the perfect home for you and your family.  Below are some things to consider before you decide to rent.


    Your Needs

    Most times, your rental choices are limited to whatever is available and affordable.  You might have to make a few compromises between what you want or need and what you can afford.


        Included in the Rent

    What you can afford on rent could depend on a number of factors: household income, outstanding debt, utilities and other living expenses. Consider how much you are comfortable paying, how important your lifestyle is to you and how much you want to put aside for the future. Below are a few things to keep in mind:

    • Are utilities, such as heat, electricity, water, cable television and Internet included?  The exact usage will vary from tenant to tenant and costs fluctuate.
    • Estimate the cost of extras such as laundry and parking, when these have not been included in the rent.
    • Will your monthly travel costs increase, decrease or remain about the same at this new location?


        What A Landlord Looks For

    These will be a few things that will be requested by the landlord when submitting an offer:

    Credit Report: Proof that you are a good credit risk is one of the key factors in a property owner’s decision to rent to you. The credit check is a tool that most landlords will use to assess your credit worthiness.  Your credit file is a detailed report containing information about how you use credit and when you make payments. There are two credit bureaus in Canada: Equifax Canada and Trans Union Canada.

    Deposit: Once an offer is accepted, you will need to provide the first and last months rent as a deposit.

    References: Personal and employment

    Post Dated Cheques: Generally the remaining of the lease term (10 post-dated cheques)

    Proof of utility transfer and tenant insurance

    Rental Application


    Location

    Location will often drive a rental search. Prime locations cost more, but they often offer advantages such as reduced commuting time. Proximity to work, school, public transit or other amenities will help you narrow down your ideal locations.


        Housing Types

    Detached

    A detached house, also known as a single family dwelling, is not attached to any other building and is usually one or two storeys high

    Semi-Detached or Duplex

    A semi-detached house is attached to another similar house. The common wall is generally thick enough to prevent sound passing between the units.  The rental units can be either one or two storeys and usually have backyards.  

    High-Rise Apartment/Condo

    A high-rise apartment is located in a building that can range from 6 to 30- or more stories high. High-rise apartment towers have elevators and often have security systems to monitor entry and exit. They often have laundry facilities, recreation facilities and other amenities.

    Townhouse or Row House

    Townhouses, sometimes called row houses, are several homes with common walls between each house. They are usually two storeys. A stacked townhouse is one townhouse sitting on top of another.

    Walk-Up or Low-Rise Apartment

    A walk-up or low-rise apartment is located in a building that does not have an elevator. Generally, monthly rent for a walk-up is less expensive than monthly rent for a high-rise apartment. Walk-ups are usually older buildings and normally have few conveniences, such as laundry rooms and visitors parking.

    Basement Apartment

    A basement apartment is in the basement of a house, converted to an apartment and may have a separate entrance. The apartment may have its own bathroom, kitchen, laundry room or it may share those amenities with the rest of the home. 


    This is for information purposes only and not intended as legal advice.  Contact your lawyer or the Landlord and Tenant Board for legal advice. 

    LOOKING FOR A SPECIFIC NEIGHBOURHOOD? NARROW DOWN YOUR SEARCH NOW! 


    RESIDENTIAL RENTAL PROPERTIES

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