The real estate industry is governed by many laws and organizations. No one can do as they please! For this reason, it is important to learn about the criteria that regulate the activities of property owners and managers.

Lease, renewal notice, increase notice, RL-31 slips… these are all documents that must be drafted according to the rules of the art, following very strict prescribed scales. 

The famous rent increase

When a lease expires, a landlord is fully within his or her rights to ask for an increase in the monthly rent that he or she considers reasonable. However, the landlord must mention this in the notice he gives to the tenant. The tenant then has the option of accepting or refusing the increase. The tenant has one month after receiving the notice to inform the landlord of his or her decision. 

Tools to find an agreement

In order to assist parties in reaching an agreement on rent increases, the Rental Administration Tribunal has made available to the public a rent increase calculation tool. This calculation is done using the scales in the Rent Determination Criteria Regulation.

To reach an agreement, the landlord can then present and discuss the results with the tenant. 

What happens if the two parties disagree?

In the event that the two parties cannot agree on the rent increase (or any other change to the lease), the landlord must, within one month of the tenant’s response, apply to the Rental Administration Tribunal for what is called a Lease Amendment Application. This application to the TAL allows the TAL to set the rent or decide on the desired change.

In order to set a reasonable price, the TAL provides the landlord with an Information Form necessary to set the rent. The landlord then enters all the necessary information on the form and sends it to the LET.

In order to set a reasonable price, the TAL provides the landlord with an Information Form necessary to set the rent. The landlord then enters all the necessary information on the form and sends it to the LET.

The role of Bail Expert

And now you are wondering: what is the role of Bail Expert in all this?

With Bail Expert, you can create your rent increases and renewal notices in a few clicks. Avoid long and tedious transcription by choosing our predefined letter templates. The information stored in the software allows you to fill in personalized fields in your letter templates, thus creating letters that are compliant and configured according to the information of each of your tenants. 

Notices written and sent quickly, in just a few clicks! 

Today, with the rise in popularity of electronic platforms, many tasks traditionally done in person can now be done completely online. The real estate industry is no exception! Many of the day-to-day activities of a property owner or manager can now be done through software. 

Completing and writing a lease, is there anything more typical? Every year, many real estate professionals complete and sign dozens and dozens of leases, moving from home to home (or having their new tenants move). 

To save time and energy, many landlords and property managers are turning to easy solutions like Bail Expert, our online lease creation and management software.

But the question remains: what is the value of an electronic lease in the eyes of the Tribunal admistratif du logement?

The validity of the electronic lease

In the eyes of the TAL, a electronic lease is just as valid as a lease entered into face to face. In fact, it would be possible for the landlord to purchase a form remotely, fill it out, scan it and send it to the tenant so that he or she can complete it. 

Thus, each party has a copy of the lease, signed by both parties. This technological way of doing things has the same legal value as a printed and handwritten contract.

How Bail Expert works

By choosing a solution like Bail Expert, you centralize all these actions on a single platform. 

So, you can buy your lease from the TAL, fill it out, sign it and then send it by email to your tenant to sign. Moreover, buying a lease with Bail Expert ensures you a legal and official signature via Esign Connect (included in the purchase).

Once the lease is completed, in due form, you can archive it in a few clicks and keep it on the platform. You can then consult it as many times as you want. 

Tarification

Bail Expert allows you to create, sign and manage your leases online for the unit price of $7.95 per lease. 

But that’s not all, our software does not limit you to these features. On the contrary! Several other features of rental management and communication are available to you. 

Discover the features of Bail Expert.

Today, the competition in the real estate industry is more than fierce. For this reason, it is all the more important for real estate professionals to have the best strategies. Now more than ever, everyone must be creative in developing effective tactics to stand out from the competition. 

So here are our tips for renting your homes quickly:

#1: Publish on the right platforms

First and foremost, it is important to find the most effective communication channels to post your vacant homes. In the last few years, websites specialized in real estate and classified ads have appeared. 

There are several of them, but Bail Expert has chosen to offer you the best of the best by joining forces with important players in the field. With Bail Expert, you can publish your units in a few clicks on the rental portal of Bail Expert, but also on important ad networks. Thus, we find :

#2: Take quality pictures of all the rooms in your apartment

In a highly competitive real estate market, it is very important to showcase the assets of your homes. This starts with taking quality photos of all the rooms in your home. At a glance, your potential tenant should be able to get an idea of the dimensions, divisions and amenities of the apartment you are presenting to them. 

Remember, the first impression is the most important! You must put all the chances on your side. By publishing quality photos that showcase your home, you will have a much better chance of being contacted!

#3: The importance of social networks and a website

Nowadays, your presence on social networks and on the web should not be neglected. Creating a website or a professional Facebook page can be a great way for your potential tenants to get to know your offer and services. It is a first contact that can motivate them to take action. 

#4: Demonstrate that you are professional

Real estate is not only a competitive field, but also one where there are many scams. In this sense, it is necessary to give confidence to your future tenants. Be professional and honest. Remain easily reachable and make sure to return calls. Do not hide any information from interested parties (inclusions, photos, prices, etc.). 

So, it doesn’t matter if you post the most trendy apartment or a more modest one, by being courteous and honest, you will surely manage to find takers.