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Why Landlords Should Report Rent Payments to Credit Bureaus
FrontLobby
Updated March 18, 2024
One of the most crucial elements towards building a good Landlord-Tenant relationship is the clear understanding of maintenance responsibilities.
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Should Landlords Hire a Collections Agency for Unpaid Rent (LP)?
When rent goes unpaid, Housing Providers often find themselves in a tough spot, unsure of how to proceed within the confines of Canadian law. Fortunately, there are legal avenues for Landlords and Property Managers to recover unpaid rent, and one such option is hiring a collections agency.
Should Landlords Hire a Collections Agency for Unpaid Rent?
When rent goes unpaid, Housing Providers often find themselves in a tough spot, unsure of how to proceed within the confines of Canadian law. Fortunately, there are legal avenues for Landlords and Property Managers to recover unpaid rent, and one such option is hiring a collections agency.
The Pros and Cons of Rent-to-Own Homes
If you’re considering buying a home but can’t get a mortgage or don’t have enough money saved for a down payment, rent-to-own programs offer an alternative option to home ownership.
Does Paying Rent Build Credit
Having a good credit score is critical for many aspects of life, from renting an apartment to getting a loan. Credit scores not only affect how lenders view you, but also to what degree you can be approved for certain financial milestones.
Landlord Tenant Board Non-payment of Rent
The eviction process in Ontario is governed by the Residential Tenancies Act (RTA) and enforced by the Landlord and Tenant Board (LTB). The LTB is responsible for mediating disputes between Landlords and Tenants, adjudicating claims, and issuing orders when necessary.
How Can a Landlord Report Tenants Rent Payments To Credit Bureaus in Canada
The ability for Landlords to report Tenant rent payments to credit bureaus is relatively new. But it is one that is making waves across the country as Landlords seek to attract Tenants with histories of timely payments and avoiding those who have long lines of late payments, delinquencies, and even evictions in their past.
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