Module 7

Question 1

2 specific inspections for fire code compliance

Answer 1

Electrical Safety authority & local fire department

Question 2

max # of ppl for habitable room cannot exceed

Answer 2

one person for each nine sq m

Question 3

max size of room for 1 person

Answer 3

six sq m

Question 4

rental housing licenses gives the mun. the ability to manage

Answer 4

low-rise res. housing

Question 5

Rent safe TO

Answer 5

• requires buildings to comply w maintenance standards
• buildings with 3+ stories/10+ units must enrol
• every 3 years they are subject to a prop. inspection

Question 6

if two ppl are in a room the min. floor area is

Answer 6

4 sq m

Question 7

for comms that dont have mun. bylaws for prop maintenance, landlord must follow

Answer 7

RTA

Question 8

responsible for enforcing maintenance standards

Answer 8

mun. gov.

Question 9

rules concerning rental housing bylaws are contained in the

Answer 9

municipality’s bylaws

Question 10

rent cannot be increased unit the tenant has lived there for at least `

Answer 10

12 months

Question 11

notice for rent increase

Answer 11

at least 90 days

Question 12

notice to terminate required when safety is a concern for the tenant

Answer 12

28 days

Question 13

adjudication

Answer 13

deciding or settling bylaw isses

Question 14

makes landlord responsible for ensuring housing is free from harassment

Answer 14

on. human rights code

Question 15

any increase in rent must be within the

Answer 15

provincial guidelines set each year

Question 16

notice to enter a unit must be given

Answer 16

24 hrs before - must be bw 8 am/pm

Question 17

landlord can terminate tenancy is the unit is needed foe

Answer 17

themselves, spouse child, parent, caregiver

Question 18

adjunction requires the board to decide and settle issues by

Answer 18

issuing an order after an hearing

Question 19

applying a rent to income ratio to qualify a tenant is only legal if its

Answer 19

subsidized housing (rent is geared to income level)

Question 20

terms agreed to in an agreement to lease

Answer 20

cannot be changed

Question 21

Agreement to lease sets out fundamental

Answer 21

material aspects of the agreement b4 entering into the lease agreement

Question 22

Landlord transferring financial and maintenance responsibilities to the tenant

Answer 22

unenforceable terms

Question 23

Landlords must inspect CO alarms:

Answer 23

• Annually
• after change of tenancy
• after electrical renovations

Question 24

Sprinklers are required in buildings that are higher than

Answer 24

3 stories

Question 25

Means of egress

Answer 25

direct access to a ground level door or a fire safe stairway

Question 26

purpose of a rent roll

Answer 26

document income derived from an income producing proeprty

Question 27

importance of a rent roll

Answer 27

helps understand value and stability of a rental prop

Question 28

tenant ledger

Answer 28

used to track revenue and expenses related to a rental agreement

Question 29

would include if rent increases were applied and if the tenant paid laid

Answer 29

tenant ledger

Question 30

includes a summary of accounts payable and receivable

Answer 30

tenant ledger

Question 31

net operating income equation

Answer 31

Gross income - (operating expenses + bad debt + vacancy + prop. tax)

Question 32

exempted from the provinces rent increase guidelines

Answer 32

rent units first occupied after nov 15 2018 + short term rentals

Question 33

short term rental accoms must be registered w

Answer 33

RECO, travel industry council of ON (TICO), possibly both (if trading in RE and other travel services)

Question 34

things to look for in a tenant app

Answer 34

- employment gaps are explained - past rental history is complete - it is signed - reference are provided - completed in full

Question 35

good applicant =

Answer 35

full disclosure

Question 36

completed and signed by potenential landlord and tenant prior to the agreement to lease

Answer 36

res. tenancy agreement (standard form of lease)