Fee Schedule

PART 1 - INITIAL LEASE UP SERVICES (1 Months rent + HST)

  • Full MLS Listing
  • ­ internet & print advertising
  • ­ internet search engine optimization
  • ­ internet picture presentation
  • ­ preparation of rental application
  • ­ answer calls & emails regarding vacant rental unit
  • ­ arrange for presentation & showings of rental unit
  • ­ acquisition of rental application, employment letters, income verification and deposit
  • ­ arrange for credit report of tenant(s)
  • ­ review & approval of credit application with Landlord
  • ­ preparation of lease agreement
  • ­ execution of lease agreement & acquisition of first & last months rent
  • preparation of notices to transfer utilities to Tenants
  • notice to utility companies to transfer utilities to Tenants
  • ­presentation of final lease package & keys

COST OF INITIAL (VACANT UNIT) LEASE UP SERVICES:

­ one (1) months rent + HST

PART 2 - MONTHLY ADMINISTRATION  &  MAINTENANCE SERVICES FOR 1 YEAR TERM:

Administration Services

  • preparation of rental deposits & water account payments
  • delivery of deposits to bank
  • ­preparation & issuance of invoices for water accounts
  • ­preparation & issuance of notices for lease renewals
  • ­preparation & issuance of notices for rent increase
  • ­preparation & issuance of notices for returned cheque(s)
  • ­preparation & issuances of notices for Tenant complaints
  • ­preparation & issuance of notices of termination of tenancy
  • ­preparation & issuance of notices to vacate
  • ­delivery of notices & water account invoices
  • daily mail pick up at post office, date stamp & office distribution
  • daily delivery of mail to post office
  • review of Municipal By-Law infractions/complaints
  • resolution of Municipal By –Law infractions/complaints

Maintenance Services

  • ­receive calls, emails & correspondence from Tenants requesting service
  • ­arrange & schedule service repairs (paid by Landlord)
  • ­obtain tender prices for major/significant repairs
  • review and approval of contractor invoices (paid by Landlord)
  • issuance of payments for contractor invoices
  • arrange for snow removal, debris removal & lawn maintenance, if required (paid by Landlord)
  • arrange special refuse pick ups from area Municipality (paid by Landlord)
  • filing of paid invoices

1-2 units 8% of gross monthly rent

3-10 units 7% of gross monthly rent

11-30-units 6% of gross monthly rent

30+ units 5% of gross monthly rent

PART 3 – Paralegal Services (if required) ($50/hour + HST)

  • ­review of Landlord & Tenant Board applications
  • ­preparation of Landlord & Tenant Board applications (fees paid by Landlord)
  • attendance at Landlord & Tenant Board Hearings & Mediation Hearings
  • preparation of application to the Sheriff’s Office for evictions (fees paid by Landlord)
  • attendance at rental units with Sheriff
  • collection of accounts
  • completion of documentation for Tenant bankruptcies

PART 4 – Small Claims Court (if required)

($50/hour + HST)

 

The Foley Group

  • Head Office 319 College Avenue
    Oshawa, ON, L1J 3S2
  • Phone 905-240-7300
  • Fax 905-571-5437
  • Contact Us  

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 8/17/2017 1:51:56 AM