April 12, 2024

Property Management Tips, RYPM Resources

RYPM

As a premier property management and leasing company in Ontario, Royal York Property Management is committed to providing unparalleled service and expertise to landlords, investors, and tenants across Canada. With a vast portfolio of over 22,000 properties valued at more than $10.1 billion, we have established ourselves as a trusted partner in the real estate industry.

Understanding an Ontario Real Estate Lawyer's Role in Rental and Leasing

As Ontario's premier property management and leasing company, we know how important it is to have a detailed awareness of all the legal aspects of rental properties.

The real estate lawyer is one key player in this field. However, what exactly do they do? How can they help us, the property managers and landlords? This blog delves more into the role that real estate lawyers play in the area of property rental and leasing.

Drafting and Reviewing Lease Agreements

Drafting and reviewing lease agreements is one of a real estate lawyer's primary responsibilities. These legal documents outline the terms and conditions of the rental agreement between the landlord and the tenant. Both landlords and tenants can ensure that their lease agreements are comprehensive, enforceable under the law, and in compliance with Ontario's tenancy rules by obtaining the services of a real estate lawyer.

Resolving Disputes and Evictions

Tenant-landlord disputes may arise for a variety of reasons, including missing rent payments or damage to the rental property. In these situations, a real estate lawyer can greatly help settle disputes through negotiation or, if required, defend the landlord in court.

Additionally, when eviction is necessary, a real estate lawyer can assist landlords in adhering to Ontario's Residential Tenancies Act by guiding them through the legal process.

Guaranteeing Adherence to Regulations

In Ontario, the rental market is regulated by numerous laws and rules that protect landlords and tenants' rights. By making sure that their rental properties are compliant with relevant laws, such as the Residential Tenancies Act and the Human Rights Code, a real estate lawyer may assist landlords in navigating these complications. This involves giving landlords legal advice on things like maintenance requirements, rent hikes, and tenant rights.

Providing Legal Counsel and Representation

A real estate lawyer offers landlords and property managers reliable legal counsel in addition to creating agreements and settling conflicts. Whether it is the interpretation of complicated legal jargon or offering guidance on best practices, having access to a legal advisor can help landlords make informed decisions and reduce property ownership risks. 

Why hire Royal York Property Management's Legal Services?

At Royal York Property Management, we understand how important it is to have a trustworthy legal partner to help our customers with their real estate endeavors. For this reason, we have partnered with a renowned real estate legal firm, Zuber & Company LLP. Our legal team is committed to providing expert guidance and representation to property managers and landlords across Ontario.

Our partnership with Zuber & Company LLP guarantees our clients access to exceptional legal services customized to meet their unique needs. Regardless of whether you are renting or leasing, it is your lawyer's responsibility to ensure that everyone involved in the process complies with the latest laws and safeguards their rights and interests throughout the real estate transaction.

Their skill in safeguarding the interests of property managers and landlords extends to the drafting of lease agreements and legal advice. Our partnership with Zuber & Company LLP at Royal York Property Management guarantees that our clients get the best possible legal services.