BENEFITS OF USING A REALTOR®

When you choose to lease a home in Ontario with the assistance of a REALTOR®, you gain a valuable partner. REALTORS® are dedicated to protecting your interests, offering expert guidance through the complexities of real estate leasing.

UNDERSTANDING TENANT PROTECTION

In Ontario, tenants enjoy protection under the law. The province enforces a standard lease agreement, designed to safeguard your rights as a tenant. This means you can lease with confidence, knowing that the terms of your agreement are fair and regulated.

NECESSARY DOCUMENTATION

To ensure a smooth leasing process, you'll need to provide certain key documents. These are essential for all parties on the lease, including any co-signers:

  • Government-Issued Identification: This is to verify your identity.
  • Full Equifax Credit Report with Beacon Score: Your credit report and score are crucial for assessing your financial profile.
  • Employment Verification Letter: This should include details about your employment duration and wage.
  • Recent Paystubs: The two most recent paystubs to confirm your current earnings.
  • Notice of Assessment: If you're self-employed, you'll need your two most recent notices of assessment from the Canada Revenue Agency.

ADDITIONAL REQUIREMENTS FOR CO-SIGNERS

If you're leasing with a co-signer, they must also provide the same documents. This ensures all parties involved in the lease are equally vetted and reliable.

COMPLETING YOUR RENTAL APPLICATION

Along with these documents, you'll need to fill out a rental application form. This form is a standard part of the leasing process and is necessary for leasing.

The landlord will independently verify all of the information on the rental application. They will call all employers, references, past landlords, and may even do an independent check on your credit.

READY TO FIND YOUR NEW HOME

With these documents in hand, you’re well-prepared to embark on your journey to leasing a home in Ontario.

If you have any questions or need further assistance, please don't hesitate to reach out. Our team is ready to help you secure your new home with ease and confidence.