🛑 Attention Toronto Landlords! 🛑
New bylaws are here to protect tenants and impact the way landlords approach renovations.
Here’s what you need to know:
🔑 Key Highlights:
1️⃣ New License Requirement: Landlords now have 7 days after issuing an N13 notice to apply for a $700 renovation license.
2️⃣ Extra Documentation: Submitting building permits, the N13 notice, and a Tenant Accommodation Plan is now mandatory.
3️⃣ No Early Renovations: You can’t start any work until your renovation license is approved – expect potential delays!
These changes mean more regulatory steps but ensure fair treatment for tenants across Toronto.
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