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PROTECT YOURSELF: Remember the #1 thing you as a landlord can do to keep your property safe and avoid problems is to be very thorough during the selection process. Use an application form. Make sure any potential tenant fills one out before any other action. Give yourself options to find the best tenant for your unit.
For example, in Hamilton Ontario, a Rental Housing Licensing pilot program was implemented in 2022 where a license is required for rental housing units and buildings or part of buildings with 4 or less self-contained units, detached homes or townhouses, if rented.
Most rental agreements have a provision that says how much notice landlords must give tenants that the property is being sold and the agreement is coming to an end. This is typically 60 days but it can be more or less time depending on the terms of the agreement.
If you are a landlord, you will have to register yourself. If you dont and you then market or let out a property, you could face penalties.
Here are some smart ways to protect yourself: Learn provincial guidelines. Provinces have different rules when it comes to rentals, so make sure you are familiar with yours. Screen potential tenants. Get the right insurance. Record property condition. Ask your tenant for a lease guarantee.
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People also ask

Check if your tenancy agreement says anything about how you should give notice. If it doesnt say anything, give notice by writing a letter to your landlord. Its a good idea to ask your landlord to confirm in writing theyve received your notice.
You also need permits and licences to operate a rental property, including a development permit, building permit and a rental accommodation business licence. Your propertys specific zoning may affect your plans.
Your landlord can end the let at any time by serving a written notice to quit. The notice period will depend on the tenancy or agreement, but is often at least 4 weeks.

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