If you’re one of the lucky Toronto renters who scores an amazing space, what are your next steps? I’ve outlined 5 things Toronto renters should do before moving in to set themselves up for a relaxing move and a happy home!
1) Know what you’re signing
In Ontario, the agreement both parties must sign the Residential Tenancy Agreement (RTA). Do yourself a favor and read the entire document. This will answer 90% FAQs for you. You can access the Ontario RTA here.
2) Schedule your move (& book the elevator) ASAP
Moving companies, UHaul and Elevators tend to get booked at the end and beginning of the month. Once you’ve signed your leases and submitted your deposit, book the elevator if you’re moving into an apartment or condo, and then book your movers (or van or truck rental).
3) Protect your stuff
Get Tenant Insurance, whether or not the Landlord requires it. In the event your cat turns on the kitchen sink, floods your apartment AND the one below – insurance will pay for this — not you. Two most important factors for my rental clients at this point are convenience and price. I like to add a Third — reputation. There’s many options out there, so get a quote from 2-3 sources. Here’s one that meets all three criteria and options that better meet today’s tenants’ needs: Duuo Tenant Insurance (they are actually Cooperators)
TIP — if the place is currently vacant, why not ask the landlord if you can move in a couple days earlier. If you do, be sure to have the insurance (& hydro account) start date the day the landlord is allowing you to take possession of your new place.
4) Forward your mail before the move
This is a no-brainer that can be overlooked with everything else that is happening. Getting your mail forwarded about a week before you move into your new place will save you trips back to your old place. Here’s link to Canada Post’s Forwarding Service.
5) Keys & Condition of the place:
If the landlord requires a key deposit, make sure the amount of keys are the same as what’s stated on your Lease, and ensure you get a receipt for your key deposit when the keys are handed to you. And once you have the keys and you’re in your new place, take lots of photos of the existing condition of the place and note anything beyond wear and tear. Then, email pics and note any damages to your Landlord (and your Realtor). This documents existing damages were not made by you for the day when you move out.
Compared to other events in our lives, moving is something we don’t do often. To make things easier for yourself and to negotiate the best living situation for you, work with a realtor you like and feel comfortable with! They will work with you to find the Toronto rental that meets your needs and makes you feel at home. Even asking a realtor for advice is highly beneficial. After all, we’re a friendly bunch and got in this business to help people! (it’s part of the job requirements!). If you’re in search of the perfect Toronto apartment or condo to call home, visit my website at gracemchan.com, or 647-804-8601
This became a post on Duuo’s blog, be sure to check out their blog HERE.
Toronto Stats this Past week
MLS activity from Month 24 to 31 for residential properties:
↑ For Sale:
↑ Newly Listed:
Compare the above to the week before from Mar 17 to 23 when there were
4,164 for sale, 1,382 newly listed, 785 sold & 8,780 for rent.