(416) 997-8060

[email protected]

Sage Real Estate Ltd., Brokerage

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The Executive Renter’s Guide


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With the local market’s tough competition, bidding wars, and lack of homes for sale, more and more established Torontonians are looking to rent instead of buy.


Most Torontonians have paid their dues when it comes to renting, from living in a dingy basement unit to a cramped apartment shared with one too many roommates.


Taking that next step on the real estate ladder when you’re renting means finding a unit that has all of the space, amenities, and finishes that you’ve been dreaming of.

Just like the buying and selling market, renting in this city can be tough. If you want to have a little piece of Toronto to call your own–without the commitment and financial strain of homeownership–here’s how to make it happen.

YOUR FINANCES

As a renter, you should establish a budget of how much you’d like to spend on rent per month. Remember that there are utilities and other amenities that may not be included in the price, like hydro, internet, cable, and laundry.

HOW TO PREPARE

Rental units can be snatched up quickly, so be prepared to give a prospective landlord everything as soon as possible. That means having a letter of employment or proof of income, a recent copy of your credit score, and a reference from a past landlord before you begin your search.

YOUR SEARCH

About a month before you’d like to start your new lease, you’ll start your home search. If you’re able to, explore the neighbourhoods that catch your eye to get a real feel for them. There are plenty of different styles of units to rent in Toronto, from a condo to a fully detached home to a rental unit within a detached home. Just like any home search, determining your needs and wants can help you pick out the style of rental that suits you best.

YOUR MOVE

Once you’ve found a unit you love and have successfully negotiated a lease, you will need to provide a certified cheque for first and last month’s rent. When it’s time to get your keys, you’ll also need to have your post dated cheques ready for the remainder of your agreed upon lease, if you won’t be paying by direct deposit. Additionally, you may be asked to leave a refundable key deposit. After that, it’s time to prepare for the move! Now’s the time to contact those movers, declutter, and set up a change of address for any mail or subscriptions you have.

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WHAT AM I REALLY LIKE?

Find out here! This is what my past clients have said about working with me:

Nicole A

Rebecca impressed us from the moment she walked into our house to meet us for the first time. Not only was she enthusiastic and friendly…

Lindsay & Joleen

Rebecca was great to work with. We were looking for something a bit unconventional and she was excited by the challenge. Easy to communicate with…

Alexa V.

Throughout the whole process, Rebecca was always available to answer questions and she ensured that everything happened seamlessly with minimal stress.

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Sales Representative
(416) 997-8060 | [email protected]

SAGE REAL ESTATE LTD., BROKERAGE
134 Ossington Avenue, Toronto ON M6J 2Z5

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