Renting a home can be an eye opening experience. If you’re a Tenant considering renting a property, here are 5 mistakes Tenants make – that are easy to make and avoid! Mistakes Tenants Make Not knowing what your Tenancy Agreement says. If you listened to your parents growing up, you know never to sign anything you haven’t read. Make sure you go through the whole tenancy agreement before you sign it and clarify any areas of concern. Once you’ve signed it, it’s too late and you’re bound by the conditions in the agreement. Not getting copies of the Tenancy Agreement…
We all know that reducing our energy and water consumption is great for the environment and it can also save you money. Do you know how to save money by going green? If you are ready to make changes to lessen your impact on the world around you, here are just a few tips to get you started. Lights Turn off unnecessary lights. If you’re not in the room or there’s enough natural light, don’t use lights you don’t really need. You can further cut costs by using LED light bulbs. Did you know that: LED lights use 75% less…
When you’re trying to rent a home for yourself and your family, you’re usually asked to fill in an Application To Rent form. The information collected on the form is protected by privacy laws and can’t be used for anything other than its intended purpose which is to determine if you are a suitable tenant. But why does the Landlord need all this information on an application? Information on an application CREDIT CHECKS. Providing the basics is just common sense – your name, birthdate and current address are used to obtain a current credit report. If you’ve got bad credit,…
If you don’t own the property you live in, do you really need renters insurance? If so, why? Can a Landlord make you carry Tenant Insurance? Before we look at the five things tenants need to know about renters insurance, let’s take a quick look at what Tenant Insurance is. Tenant Insurance is generally made up of two components: Contents coverage for your belongings in the event of damage or theft Liability insurance to protect you against claims relating to damage to the property, or to people (bodily injury) What should you know about renters Insurance? Do you really need insurance? The answer is…
The Residential Tenancy Act is long and complicated. But as a Tenant, there are a few key sections you should be aware of. This is not a legal opinion or advice, but rather a general overview. For exact wording, legal interpretations or to find out about your own personal situation, please contact the Residential Tenancy Office at 1-800-665-8779, or check their website at www.rto.gov.bc.ca 5 key sections Giving your Landlord notice to vacate. How do you give proper legal notice? Does it have to be in writing? Can you send it by email? In this article we’ll deal with the…
If you are already a landlord you know that looking after your investment and screening tenants can be extremely time-consuming and at times even disappointing. Everything could be great; the rent comes in on time, the house and yard look well-maintained and then your tenant gives notice to vacate. You post ads, re-word the advertisement, enter it on other websites trying to attract attention and still no one calls. You might even pay money to advertise in the newspaper. Is the rent negotiable? Screening tenants to find the right tenant can be a challenge. You may get questions such as, “Can…
RE/MAX of Nanaimo Property Management has built a reputation for providing professional, experienced, and courteous service to Nanaimo and the surrounding area’s tenants. RE/MAX Property Managers follow a strict code of professionalism that allows Tenants to have a worry-free tenancy. We want you to feel at home in your rental property and we make every effort to ensure that happens. Why use a Property Management firm as tenants By renting through our experienced Property Management Division, the Tenant is assured of the following: Tenants have the security of knowing the residence they choose is professionally managed by Property Managers with over…
Your property will be cared for and managed carefully under the watchful eyes of our experienced professional managers. RE/MAX Property Management has specializedadvertising and marketing resources available to successfully promote your rental property and to screen potential tenants. Just some of what we do and offer our clients: Prompt friendly service FREE ASSESSMENT of your property Advertising and promotion of your rental property Maximize rental incomes Property showings Thorough screening of tenants including credit checks, reference checks, verification of employment and ability to pay the rent, and any other screening required to make good decisions Collection of rents, security or…
Absolutely you can be a long distance Landlord! But how you achieve this successfully can be a bit more complex. Owning property in the Nanaimo area is a smart decision even if you don’t live here. Home prices are more affordable than in some other areas of the province and with the current exchange rate against the US dollar, now is a great time to make the leap if you’re an American looking for investment opportunities. Prices, while still affordable, have room to grow and your real estate investment will most likely continue to appreciate in value over the foreseeable…
If you’re a tenant, when is the best time to tell your Landlord you’re buying a house and are going to be moving out? Should you tell your Landlord you are moving? The short answer is – that depends. Tenancy Agreement First of all, if you have a fixed term tenancy agreement with a specific end date, you can’t end the tenancy before that date without being responsible for the rent if the Landlord can’t re-rent the place right away. Let your real estate agent know when your end date is and you may be able to work your purchase closing date…
