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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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How do I get around 40 times rent?

Heres How to Get Around The 40x Rule Pay an extra security deposit. Have a stellar credit score. Get a guarantor. Use a surety bond service. Find a smaller building.

Can you break a 12 month tenancy agreement?

Ending a fixed term tenancy early The tenancy agreement includes what is called a break clause, which allows you to advise the landlord that you want to terminate the tenancy before the fixed term date.

How do I get around 3x the rent?

If you dont make 3 times the rent, you can still try to get the apartment by putting up a larger security deposit, finding a guarantor, or demonstrating your fiscal responsibility by showing your potential landlord bank statements that show you being responsible with your money and discretionary spending.

What happens if I break my lease in BC?

If you break the lease early, you may be required to pay the landlord for the remaining months of rent. Even then, if the landlord has to re-rent the property for less than you were paying, the landlord is entitled to that difference for the remainder of your tenancy agreement.

What happens if the tenant leaves without giving proper notice?

Youll usually have to pay the court costs as well as the rent you owe. Leaving without giving the correct notice could also make it harder for you to find a new home because: you may not be able to get a reference from your landlord.

Can you use savings as proof of income?

Show proof of income from a pension, a 401(k), Social Security, dividends or savings. You also might consider enlisting a guarantor, a person who can guarantee payment on your lease.

What happens if I dont give 60 days notice Ontario?

If you dont, the tenancy continues. Fixed-term: If you have a fixed-term tenancy, like a one year lease, then you must give notice at least 60 days before the end of the lease. The termination date cannot be before the last day of the fixed term. If you dont give notice, the tenancy continues.

How can I work around leasing without steady income?

A guarantor or co-signer on a lease for a rental space will often allow those who cannot provide proof of income with an opportunity to rent. In fact, this has become a common practice among renters.

What is the penalty for breaking a lease in Ontario?

One year is most typical. If you break the lease, youre breaking a contract, and the landlord can hold you responsible for paying the rent until the end of your lease term. For example, if you pay $1,800 a month and want to break your lease for the last four months, you could end up on the hook for $7,200.

How do you get around not making 3x the rent?

Provide a better security deposit: If you cant afford three times the rent, offer a higher security deposit the landlord can count on. Get a co-signer: Find someone to vouch for you when you speak to the landlord. Look for a roommate: Hunt for an empty room available for rent in an apartment building.

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