Things you should know before renting your first apartment
Renting your first home or apartment is both an exciting and overwhelming time!
Renting for the first time can come with many questions and concerns which is why we have put together a checklist before you sign your first lease.
When you are looking for a place to live there are some important factors to consider before you start your search. This includes your budget, what kind of rental you are looking for (condo, apartment, house, shared living space), what kind of neighbourhood you would like to live in and what kind of amenities you want. Each rental agreement will specify what is included in the monthly rent and what you are responsible for paying. Taking the time to thoroughly understand your lease is an important factor in setting yourself up for success when you are signing your first lease agreement!
What does the rental application process look like?
Each rental application may vary slightly, however, there are a few standard components to a rental application.
A prospective rental housing provider will need your first and last name, phone number, email address, current address and a copy of your government-issued photo ID.
Be sure to spend some time learning your rights as a tenant before entering into any lease agreement!
Parts of a lease agreement
This is important for anyone who is considering renting with a pet! Many rental housing providers will specify in the original rental posting whether pets are allowed; however, if you have or are considering getting a pet, it is important to ensure you have permission in writing.
Each province and territory have different regulations about tenant rights when it comes to having pets. For example, in Ontario, it is not permitted for rental housing providers to include a “no pet” clause in a rental agreement unless the rental is a condominium and the condominium corporation’s declaration prohibits pets (as specified by the Residential Tenancies Act).
Not each province has the same set of tenant rights, so always do your research in advance. It is also worth noting that although it may be legal to bring your pet into a new rental without permission, finding a rental housing provider who accepts pets willingly will make for a less stressful and all around more positive rental experience.
*For more information about the benefits of Tenant Insurance, please see our blog post:
“Tenant Insurance: what your insurance company might not be telling you”
- 1. What is the monthly budget that I can afford?
- 2. What kind of neighbourhood would I like to live in?
- 3. What neighbourhood amenities am I looking for? (Schools, community centre, shopping, restaurants, public transportation, etc.)
- 4. What amenities are important to me? (Pool, gym, sauna, outdoor space, etc.)
- 5. Would I prefer to live in an apartment or condo or in a quieter space such as a walk-up apartment or a mobile home in a *land lease community?
- 6. Does the building allow pets; are there restrictions on pet size?
*For more information about the benefits of living in a land lease community, please see our blog post:
“What is Land Lease” capreit.ca/what-is-land-lease-blog/.
Answering these questions before you start your search will set you up to be successful in your apartment hunt! When you are signing your first rental agreement, knowledge is power. The more you are informed about your rights and your responsibilities as a tenant, the more confidently you will be able to handle this process for the first time! Use all the resources you have at your disposal, ask questions, and be prepared.
Five Major Residential Rental REITs launch ForAffordable.ca A window into how Canada’s five largest publicly traded residential rental REITs operate and their ideas to address …
CAPREIT’s Chief Executive Officer Mark Kenney, joined BNN Bloomberg to discuss CAPREITs Q3 results, the lack of housing supply and current state of the rental …
In over 25 years, Canadian Apartment Properties REIT has grown from owning interests in 2,900 residential suites to interests in over 67,000 suites, townhomes and land leased community sites with a total asset value exceeding $17 billion. We have expanded into key growth markets across Canada, as well as internationally.
CAPREIT has a vested interest in providing safe, clean and viable places for Canadians to live. Whether through ESG initiatives, capital expenditure or other projects, we invest in the maintenance of our communities and the benefit are passed on to our residents.
Happy #WorldHealthDay! This year’s theme is ‘Our Planet, Our Health’ which focuses on the importance of keeping humans and the planet healthy, in order to create livable communities, where clean air, water and food are available for all.