Are you Selling A Condo With A Tenant Ontario? Do you have tenants who just aren’t paying rent? Are the tenants disturbing other people who live at the condo? It’s one of the most frustrating aspects of being a landlord. In this article, we’ll talk about how Ontario landlords are dealing with tenants who don’t pay rent.
If you have tenants who aren’t paying rent then you’re facing the same dilemma that many landlords go through at least once. It’s frustrating and unfortunately, your options are limited.
Of course, the best defense is a good offense – meaning that if you are careful about doing a background check on your tenants, and if you have a contract, then those things will help you. But here are your other options for …Here’s how Ontario landlords are dealing with tenants who don’t pay rent.
#1. Avoid the situation
You could avoid the situation and hope they pay. This is definitely not the best option but it is an option that many landlords take. You can just ignore it and hope they’ll pay on time next month and maybe even catch up. Frankly, it may not happen (it rarely does) but it could happen so we’re including it here as a possibility. When dealing with tenants who don’t pay rent, we don’t recommend this strategy because it opens the doors to the possibility that your tenant will take advantage of you.
#2. Negotiate
You could negotiate with them because maybe they just need a different payment schedule. Not everyone can pay easily each month; some renters can pay better by the week because it’s a smaller payment. Or maybe you can get them to do some work around the property in exchange for a discount on the rent. If you choose to negotiate with your tenant, make sure you get an agreement from them that works for both of you, otherwise, you’ll just feel even more frustrated!
#3. Evict
You can try to evict them, although be aware that this can be a complicated, time-consuming process that may involve some legal hassles too. Eviction is very difficult to do, especially since many laws favor the tenant over the landlord. In recent times there have been more complications because the courts have been closed to the pandemic and this can delay an eviction for many more months. It may be worth evicting in the long-run, though, if you can get a paying tenant into your rental property.
#4. Sell
Another option is to sell. If this is just one of many frustrations you’re facing with your rental property, then it could be your best option! Just imagine selling the property and getting on with your life – and not having to deal with tenants their annoying troubles any longer. Many landlords love the new-found freedom they get when they sell. Sometimes tenants are so difficult, that you need to sell the condo sight-unseen. Rest assured there are some buyers out there who will buy sight-unseen. If you are Selling A Condo With A Tenant Ontario then you do have options even if the situation is terrible.
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