Non-payment of rental income. What action to take?

Dear Tom,

I have a rented income hosue in the Richmond Hill Area, at the end of the leased.

I have not collect the rent for a couple of months, what action should I take and
if i require some lawyer where can I obtain one?

Elizebath

Comments for Non-payment of rental income. What action to take?

Click here to add your own comments

Sep 03, 2010
Non payment of Rent
by: Scott

Hey folks,
I agree with Tom's advice, but I have also found that the threat of the initial form can often be enough to scare a tenant into paying.

I have only evicted 2 tenants in over 20 years of being a landlord by using this simple tactic.

I will call up the tenant or often have a calm face to face meeting with them to explain that the process now needs to start and here's how it will go down.

If you explain how a legal process will damage their credit score and also make it more difficult for them to find a new home, they will often find a way to pay up the rent.

I will then suggest that the home is clearly too expensive for them and suggest that they search for a more affordable home.

Seems simple, but often a calm and direct approach produces the best results.

Good luck,

Scott.

Feb 17, 2010
Late Rent and Non-Payment of Rent in Ontario
by: Tom Karadza

Hi Elizabeth,

The Landlord and Tenant Board in Ontario does an excellent job at helping in these situations.

You really should not need to incur the cost of a lawyer unless there are details here that complicate the situation.

You start by filling out a N4 form and mailing it to your tenant or putting in the mailbox. 14 days later you file an L1 form for a hearing date at the Tenant Board. If they have not paid by that time they will likely get an order to vacate the property.

Why don't you give them a quick call, they're very helpful:

http://www.ltb.gov.on.ca/en/About_Us/STEL02_111278.html

The N4 form and L1 form are on the website along with detailed instructions on how to use them.

Hope that helps!

Tom.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Submit A Question.

                  

  Some Cool Free Stuff...

  Step 1:

Grab a free digital copy of our real estate investing book, Income  For Life For Canadians, right here. This book has been downloaded over 22,597 times and has helped hundreds of investors kick-start their investing with simple and straight forward strategies that you can implement right here in Canada.

You'll also receive our weekly [Your Life. Your Terms.] email newsletter with the latest investing updates and videos.


  Step 2:

Free Weekly Investing Videos & Articles: Get the latest updates and join the over 10,000 other Canadians enjoying the weekly [Your Life. Your Terms.] email newsletter. The email is sent out each Thursday. And as a little bonus we'll give a FREE digital copy of the book, Income For Life For Canadians, too!

Your Life. Your Terms.



  Step 3:

Free LIVE Investing Class: Do you live in the Greater Toronto or Golden Horseshoe Area? Come out to our next introductory "Investing in Nice Homes in Nice Areas" Real Estate Class.

Get all the details by clicking here.

It's 90-minutes and you'll learn a ton - promise!Thousands of investors have now joined us for this class and the feedback has always been amazing.


This book has been downloaded over 22,597 times and has helped hundreds of investors kick-start their investing with simple and straight forward strategies that you can implement right here in Canada.