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Small investor landlords often have problems after using the Ontario Standard Lease Agreement, a standard government lease form. Harry Fine discusses that this has become problematic because it is just a skeleton. There are other things a landlord and a tenant can legally agree to that aren't in the standard lease because every tenancy is different. Find out how you can avoid future conflicts when you use this standard lease agreement in your next business deal.
In this episode, we cover:
- A brief introduction to Harry Fine and the work that he does. He started out as an adjudicator, got his license in 2008 and he now works in paralegal services.
- Harry talks about the Ontario Standard Lease Agreement. He explained what it is with some background context and the problems that the landlords encounter when using it.
- Section 15 of the lease, additional clauses. Harry explains the difference between a legal clause versus an illegal clause.
- Being a professional landlord. It is not just about collecting rent. It is a highly regulated business and you can’t run a business like a hobby.
- Harry cites an example where a landlord can get in trouble when using the standard lease agreement.
Resources and links mentioned:
Harry Fine’s Landlord Forms: https://landlordtraining.ca/home/forms-for-landlords/
Landlord and Tenant Board (LTB): https://tribunalsontario.ca/ltb/
About Harry Fine:
Harry Fine is the head of Harry Fine Paralegal Services and primarily deals with residential tenancy issues. Prior to working in the paralegal services, he was an adjudicator appointed by the government from 2001 to 2005. After his appointment, he decided to put up a business that serves landlords. He became one of the go-to people on residential tenancy law in Ontario.
Connect with Harry Fine:
Website: hfineparalegal.ca
Connect with Danielle Chiasson:
Website: https://engineeredreturnsinc.com/index.html
LinkedIn: https://www.linkedin.com/in/daniellechiasson/
Instagram: https://www.instagram.com/danielle.chiasson/
Facebook: https://www.facebook.com/DaniChiasson
Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat
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