Noanne Chen

Greater Toronto Area Real Estate

647-608-6825

noannechen.realtor@hotmail.com

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Rental Book

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Looking for the perfect place to call home in the vibrant Toronto? Your search ends here! I am ​Noanne Chen, your dedicated and knowledgeable real estate professional specializing in rental ​services across the Great Toronto Area.

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1.

Gather the client’s information.

Such as move-in date, where to live, budget range, need for parking space and/or a locker, etc.

2.

Contact the real estate agent

Contact the real estate agent to help with renting: including property search, in person visiting, ​making an offer, signing a contract, and moving in process, etc.

(Note: There is no service fee from tenant side, all costs are paid by landlord)


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3.

Rental documents preparation

Rental documents preparation (documents that need to be submitted to the landlord with the ​offer)

  1. Photo ID (driver's licence, passport, etc.)
  2. Credit report (Normally generate from Equifax or Transunion website)
  3. Employer letter or paystub
  4. Former landlord letter
  5. Rental application form

(Note: If you are an international student or a new immigrant, you may not be able to complete the ​preparation of all the above documents, so you may need to prepare your ID and other supporting ​documents (such as school enrollment letter, proof of tuition payment, etc.), the more the better. ​The landlord or the landlord's agent may rent the property to you with some rental conditions such ​as prepaying all the rent in advance.

Another way is to find a local guarantor (with the above documents) and co-sign the lease ​contract.)


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4.

Book a showing

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5.

Preparing the offer

The offer will be prepared by your real estate agent according to your requirements (offer price, move-in ​date, the lease term - generally one year)


Forms related to the offer: Agreement to Lease (Form 400), Residential Tenancy Act (Uniform Provisions of ​the Government of Ontario), etc.


6.

Docusign

The following information needs to be confirmed before signing; whether the lease agreement includes ​water, heating, electricity, internet, parking spaces, lockers, rental payment methods, advance rental ​payments, etc.

7.

Deposit

After the offer to Lease is accepted, usually two months (first and last month) of rent need to be paid to the ​real estate brokerage’s trust account as a deposit within 24 hours.

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8.

Before move in

  1. Apply for utility and internet account
  2. Buy tenant insurance
  3. Prepare post-dated cheques
  4. Register for accommodation and make an appointment for a moving elevator.
  5. Prepare extra rent (if tenant agree to pre-pay ahead in the offer)
  6. Key deposit


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9.

Move in

On or before the first day of the rental period

The landlord prepares the keys and receipts, the tenant prepares the key deposit. ​Both the landlord and the tenant walk through the property and do an inspection.



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10.

End of lease

If the tenant does not intend to renew the lease agreement, the landlord must ​be notified in writing 60 days before the end of the lease. If the tenant wants ​to renew the lease, you can sign the contract for another year or ​automatically become a monthly renewal.

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Noanne Chen

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647-608-6825

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noannechen.realtor@hotmail.com

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