Knowledge on tenants’ rights play an important key factor not only for tenants, but also for landlords. The tenants’ right to live in their residential unit without experiencing any harassment from the landlord is guaranteed by the Residential Tenancies Act.
Landlords and tenants entering into a residential tenancy agreement should be aware that tenants’ rights are protected by the Residential Tenancies Act. Landlords and tenants entering into a residential tenancy agreement should familiarize themselves with certain sections of the act such as that of sections 10 through 19 in part 2 of the Residential Tenancies Act.
Many landlords may neglect to realize that renting a property is subject to many governing laws of the land. For example, there are laws governing the rights of a tenant to own a pet, laws governing the rights of a tenant with regards to landlords not interfering with the reasonable enjoyment of a tenants’ property, laws governing the rights of a tenant with regards to rent increase and also laws governing the rights of a tenant with respect to security of tenure and termination of tenancies.
Moreover, the unimaginable hike in the real estate property value in the Greater Toronto Region has increased the market rent overtime. Landlords who are inclined to earn larger amounts of rental income, may normally do so by unlawfully opting to bring forth an N12 notice and corresponding application in bad faith. This act, although performed illegally, is done in order to evict a tenant although a landlord may fail to realize that a tenant has the right to dispute the true nature of the aforementioned application and any others that may be commenced in bad faith, for the Landlord or purchaser personally requiring the premises. A landlord who falls into the category of submitting an application in bad faith may be subject to a fine of up to $25,000.00