COVID-19 NOTICE

Apartment Living and Tenant RightsJuly 11, 2014

Apartment Living and Tenant Rights

Apartment Living and Tenant Rights

Moving away from home for the first time can be both exhilarating and intimidating at the same time but it does not have to be.  Renting is the first choice for most newly independent people. Make sure you understand the Landlord and Tenant Act so you know your rights.

Some of the key things you need to think about: Cost – you know what you can comfortably afford, right?  Make sure you have a budget worked out and understand the true costs of living.

Location - is the number one criteria for how you'll choose where to live. Will you want to be near to work? Will you need to be close to transit? If you have a car, what will it cost to park? Where's the closest grocery store?

Expectations - Once you've narrowed down your location choices, make sure you know what to expect. Visit the location a couple of times at different times of the day so you can hear how noisy it is when you're trying to sleep. Trains, planes and automobiles mean not opening your windows in the spring, summer and fall when you'd love the fresh air and cool breezes.

Safety - has to be top of your list. Will you feel safe coming home at night? If not, you'll have to decide if you're going to work "taxi" into your budget.

Do Your Homework - Don't be so quick to jump at a great location and what appears to be a terrific apartment that you don't look hard for the flaws. Do all the appliances work? Turn on the taps, look at the drains, look under the cupboards at the plumbing; do you see any signs of leaks? Are there laundry facilities or are you going to have to haul your stuff out to wash? Where's the closest laundromat? Do you see any signs of pests, like mousetraps in cupboards?

Value - Ultimately, you'll want to get the best bang for your buck. If utilities aren't included in the rent, you'll need to get an estimate of what they are, and you'll need to budget for the hook-up costs of establishing a new account.

Insurance - Don't forget tenant's insurance, which is relatively inexpensive, and will cover you for theft, fire and liability, should you ever be held responsible for damage to someone else's property or for injury.  This is a must have!
Walk around the building and smell the air. Walk around the neighbourhood and see what you like and what makes your Spidey-senses tingle. Know what you need and what you want. If having lots of light is a must-have for your sanity, don't go looking at dark and dingy basement apartments no matter how great the price or location. Moving costs money, so find a place you can live in for more than a minute.

 

Source: MoneySense
 

Effort Trust, Moving, Tenant Rights, apartment living