Teaching Your Kids About Renting

Fall is here! The kids have moved out for school. Help them learn about renting and coping with issues during their tenancy.

One property manager, who has been in the business for decades, compares landlord and tenant relationships to marriage. Initially, both parties are enthused with one another and things look rosy. As the tenancy progresses, the initial rosy viewpoint shifts to a more realistic one as issues arise. These could be minor issues, such as a tenant wanting repairs to happen more quickly, or there could be major issues, such as non-payment of rent.

The links below address practical tenancy issues:

• Emergencies and Repairs - Defines emergency repairs and explains how to respond to them.
• Regular Repairs - Looks at the proper process for getting non-critical things fixed.
• Handling Complaints - Explains how to effectively handle complaints.
• Rent Increases - Provides an overview of the process for increasing the rent.
• Lease Renewals - Provides an overview of how leases are renewed.

If you’re a tenant, landlord or property manager, Canada Housing and Mortgage Corporation (CMHC) can offer you information on tenant and landlord rights, responsibilities and rental practices across the country: www.cmhc.ca

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