Originally published byCanadian Real Estate Wealth,
October 7, 2015
The biggest worries for most landlords is a bounced rent cheque,
an unexpected major repair or damage to the property caused by the
tenant. However, all of these concerns pale in comparison to
receiving a summons indicating that the landlord has been charged
with provincial or criminal offences.
Although there are a variety of offences that a landlord could
be charged with, the most likely to occur is a charge under the
provincial fire code or related statute. Many landlords might
assume that a fire code offence is not a serious concern, but the
penalties can be steep.
In Ontario, for example, an individual can be charged up to
$50,000 per count. If the owner is a corporation then the
fines can be up to $100,000 against the corporation and
$50,000 against individual officers and directors of the company
per count.
