Toronto Rentals
Considering a move with us?

Why work with us?

Just in case you need a reason or two…

Below is a checklist of important information and documentation required when submitting an offer to lease.

Although the documentation listed below is required and must be provided by prospective Tenants and their Guarantors/Indemnifiers. There are exceptions to those requirements with certain applications, so please feel free to contact me regarding your situation and I will suggest a path forward.

NOTE: Given the high demand for rentals in Toronto, once available on the market, most suites are usually leased quickly and it is very important to have the following documentation prepared prior to starting your search.

Rental Application

It is mandatory that all applicants fill out a rental application with all supporting documentation. Click here to download our rental application.

Rental Terms

In the Toronto rental market, there is typically a minimum 1 year lease term, unless otherwise specified.

Credit Report

A full and current credit report with score is manditory with every application. Credit reports that are a month or more old are considered out of date. To purchase or order your current credit report, please visit Equifax or Transunion websites and follow their prompts.

Proof of Income

A current letter of employment or proof of income, no older than one month is mandatory in most cases. If your job is new, you will be required to provide an acceptance letter and/or signed full contract.

Recent Paystubs

Although not required with every rental application, if you are employed, be prepared with your most recent two paystubs.

References

Reference letters and contacts can be from your employer, past landlords, colleagues and friends are preferred.

Photo ID / Social Insurance Number

One piece of government issued photo ID and your Social Insurance Number (SIN) are required with all applications.Valid Drivers Licenses, Passports, Ontario Photo ID cards and Canadian Permanent Residency cards are all acceptable.

Rental Deposit

A deposit consisting of the first and last month’s rent is required with every offer to lease. This deposit should be provided in certified cheque or bank draft form and within 24 hours of an acceptance.

Other Possible Deposits

Additional refundable deposits may be requested by the Landlord, such as for keys and FOBs. Being refundable deposits, you are entitled to be refunded the deposit upon return of keys and/or FOBs in workable condition.

Tenant Liability Insurance

It is mandatory with all leases that Tenant’s purchase contents and liability insurance through their bank or local insurance provider. A typical tenants insurance premium will cost between $120-$280 and proof of purchase must be provided prior to key exchange.

Other Costs Associated with a Rental

Other costs associated with a rental may include various utility accounts (Hydro, Water and Gas) and is dependant on the building you are moving into.

Know Tenant and Landlord Rights

Before officially entering into a tenancy with any Landlord, Tenants should educate themselves to their rights and responsibilities afforded to them under the Residential Tenancies Act. Click here for frequently asked questions.

More Reasons To Work with Us

Full Access to MLS

We give our clients full access to the Toronto’s MLS, the databases that real estate agents use to list properties through our Collab System.

Scouting Report

You will appreciate our calm, clear and sound advice. We give you our take and provide the information you need to make an educated decision.

Listing Alerts

Get automatically notified of new listings that match your criteria when they hit the market. In this marketplace, it pays to have the ability to act quickly.

Straight Talk

We pride ourselves with giving you straight forward and honest professional advice. No fluff, no pressure. We tell you how it is.

No Pressure

You will appreciate our calm, clear and sound advice. We give you our take and provide the information you need to make an educated decision.

Personal Service

We recognize the importance of being responsive when communicating with our clients and developing an open and honest relationship to find the right place to call home.

Effective Negotiations

Buying, selling and leasing a home involves more than simply matching clients to homes. We work hard to ensure that our sellers get the best terms.

International Network

Whether buying or selling internationally, you have access to network of trusted real estate professionals located around the world.

Local Expertise

We offer in-depth knowledge of your local real estate market, from advice on the homes and developments with the best potential return-on-investment, to insight into the properties and neighbourhoods that best match your life stage and lifestyle.

What to Expect?

Before embarking on your search for a condo rental in Central and Downtown Toronto it is important to align your expectations with the marketplace. Below is a breakdown of what the Downtown markets have to offer:

Bachelors starting at:
$1400 per month
$1720 Average

One Bedrooms starting at:
$1700 per month
$2135 Average

Two Bedrooms starting at:
$2200 per month
$3095 Average

Three + Bedrooms starting at:
$2897 per month
$4552 Average

*Please note that prices may not include the various utilities, locker and parking that are provided at additional cost.

How much is my home worth?

Are you interested in selling or looking to buy and want to know how much a particular property will sell for?
If so, please tell us about your property of interest.
Ian Mehisto and Royal LePage are committed to protecting your privacy.

The information you provide on this page is being collected for the purpose of facilitating your application to be contacted by a Royal LePage REALTOR. The information will not otherwise be provided to third parties.
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