Posts Tagged ‘student housing’

Alberta Landlords Make Sure Your Tenants Get Insurance

Saturday, September 1st, 2012

September 1st, 2012

Students Need Rental Housing

As a new school year has just begun, many students will be moving out for the first time……first time renters!  In the rush of packing  and collecting second-hand furniture from friends and relatives, it’s common for new renters to forget about tenant insurance.

A Student’s Experience Without Renter’s Insurance

As a student, I assumed that renter’s insurance was an expense I could skip, because I didn’t own anything of value.

“Consider the cost of replacing your laptop of smartphone if you were robbed,” says Dave Minor, a vice president with TD Insurance. “Before moving out, it’s important to understand the basics of renter’s insurance and ensure you have the right coverage in place to protect yourself.

He Looks Back

When I look back, skipping out on the $10- to-$25/month it cost for a tenant’s package was foolish. Adding up all my possessions – including my computer,  iPod, phones, digital camera, clothes, DVDs, etc. – my stuff was worth well over $10,000. And if I had lost it all in a fire or a robbery, I wouldn’t have had the money to replace any of it.

Here are five common myths:

Myth One: I will be covered by the landlord’s house insurance

Myth #1 is a landlord will likely only have insurance to cover the building – not your personal effects. Even if you truly don’t have anything of value, third party liability is one of the biggest reasons people use renter’s insurance.

“If the pizza delivery person slipped on ice outside your apartment building, the negligence would likely lie with the landlord who is responsible for salting the sidewalk,” Minor says. “However, if they slipped inside your apartment because you didn’t clean up a puddle, you may be liable for their medical bills, lost wages and damages for pain and suffering out of your own pocket.”

Myth Two: I’m covered under my roommate’s insurance policy

Renter’s insurance will generally only cover your personal belongings, and not anybody else’s  – even if you’re living together. Some roommates might decide to purchase joint insurance, however there should be a discussion about how each person will pay for the policy, as well as a clear understanding of what each roommate’s stuff is worth.

“One roommate’s valuables may hold less value than the other roommate,” Minor says. “In this case, will the two roommates pay the same contribution to the policy?”

Myth Three: There’s really no change of something bad happening

Accidents can happen to anyone. As well,  this insurance covers things you take out of your home. For example, I once had a CD binder stolen from my car while I was downtown, and renter’s insurance helped me recover the full value of the CDs that I had lost.

Myth Four: Tenant’s insurance is super expensive

Policies can actually be very affordable. I bundled my auto and home insurance together with the same insurance provider, and pay $18/month to cover my townhouse.

Try going through any student or professional groups you belong to, as well as alumni associations to yield even more savings.

You could also try choosing a low coverage amount or a high deductible to get a cheaper monthly rate. Contact a few insurance providers to learn more about your options, and don’t forget to compare prices!

Myth Five: I’m covered under my parents’ insurance policy

You could be covered by your parents’ policy if you live away from hone while in school, but it might not give you enough coverage. Contact the insurance provider to find out exactly what you’re covered for.

Make sure to do an in-depth home inventory check.  It might also be a good idea to take a photograph of each item. Doing a complete home inventory will let you see exactly how much coverage you will need to protect all of your possessions.

Alberta Landlords make sure you inform your tenants about the importance of Tenant Insurance!

Also, remember to be aware of rental scams out there.

To discuss this go to the Landlord forums.


Toronto Star: Are students the target of a new proposed rental bylaw? -May 2011

Sunday, May 22nd, 2011

The Ontario Landlord Association is playing a role to protect landlords

May 20, 2011

Landlords who lease their rental properties in residential areas of Waterloo have concerns that a new bylaw requiring them to have a licence is too restrictive for them and their prospective tenants. (more…)

Waterloo the next city to license landlords

Friday, January 21st, 2011

WATERLOO — Waterloo proposes to become the first local city to regulate landlords who rent houses, charging them $1.2 million a year for rental licences.

Critics see it as a costly red-tape headache that will dissuade people from renting out bedrooms and houses.

“It’s really an attack on the Mom-and-Pop operation,” said Glenn Trachsel, of the Waterloo Regional Apartment Management Association. He predicts it will lead to a housing shortage.

Proponents say rental regulation will improve property standards and tenant safety.

“We know we have lots of rentals and we want to make sure that they’re all safe,” said Jim Barry, director of bylaw enforcement. “And by safe, we want to make sure that they’re safe for the people renting, and for the neighbourhood around them.”

Landlords would be charged fees ranging from $501 to $819 to secure a rental housing licence. Annual renewals would cost $231 to $405. Fees would pay all costs for rental regulation.

Apartment buildings are excluded due to higher provincial safety codes. The target instead is an estimated 5,000 houses, townhouses, and duplexes where bedrooms are rented out. This includes owners who rent out bedrooms in a house they still occupy.

Rentals would be capped at three bedrooms to reduce the impact of large rentals on neighbourhoods.

Campus-area challenges are driving the proposed regulations, unveiled Thursday following public consultation. Some rented homes are decaying in student neighbourhoods. The city has also had trouble enforcing licences it currently requires for lodging houses, which allow more than three tenants.

Regulation could provide helpful clarity around rental standards, said George Patton, president of the Kitchener Waterloo Real Estate Board. But there’s concern about the impact on landlords.

“Does this negatively impact whether or not people are prepared to invest?” Patton said. “If it does have a negative affect, it may have a ripple effect in terms of availability of accommodations for students.”

Regulation would require landlords to submit floor, maintenance and parking plans, provide proof of insurance and tenancy agreements, allow city staff to enter and inspect the units, and comply with codes and bylaws. Landlords could face $350 tickets for violating their licence.

Council could approve regulation in February after hearing delegations.

“We don’t want to jeopardize the business of rental housing,” Coun. Scott Witmer said. But tenant safety is also critical. “With that, sometimes there is a cost.”

Waterloo would be the first local city to license rental homes, following Oshawa, London and Mississauga. It’s a power municipalities received in 2007.

Licences for lodging houses would be phased out. Landlords could eventually secure licences for boarding houses, or drop down to three bedrooms. … l-licences

Post Secondary Education- Off Campus Housing Options

Monday, December 27th, 2010

Post Secondary Education- Off Campus

Housing Options

Tuesday, January 25, 2011 from 7:00 PM – 9:00 PM (ET)

Mississauga, Ontario

Event Details

You are about to send your child off to post secondary school.

For most parents this “next step” can be very rewarding but it can also be challenging  for several reasons.

Your child may be living away from home for the first time and finding suitable & affordable & safe housing may be difficult.

There are several options out there such as on campus housing, dorms, & off campus private sector rental units but housing costs can considerably increase the cost of sending your child off to post secondary education.

What would you say if we told you there is a way you can eliminate or substantially reduce the cost of housing your child while they are away at school?

You can.

Sounding interesting?

If you would like to learn more about our “student rental program” please join us for a no obligation , no cost presentation about this very cost-effective alternative for post secondary student housing.


Tuesday, January 25, 2011 from 7:00 PM – 9:00 PM (ET)


Hilton Garden Inn
100 Traders Blvd.
Mississauga, Ontario L4Z 2H7

Hosted By

Landlord Tenant Matters

Established in 1984, Katherine Paliwoda & Associates provides various services to Ontario residential landlords including consulting,  landlord forms, speaking engagements, and an Ontario landlord/tenant law blog.

Now, with the launch of Landlord Tenant Matters, Peace Of Mind For Todays Landlord, Katherine Paliwoda is expanding her reach of educational events and seminars.

Contact Landlord Tenant Matters for event and ticket information.