Hello Landlords,

Amazing share by one of our Landlords in our Facebook Group (8) ONTARIO LANDLORD HELP Q & A | Facebook

1. Surge in Fake Applications

Landlords across Ontario are reporting a significant increase in fake tenant applications. These deceptions often involve forged credit reports, falsified employment verifications, fake identification and counterfeit pay stubs. Even when these documents are verified by professionals, many turn out to be fabricated.

2. Backlog and Increasing Rent

The housing market’s current strain has exacerbated these issues. Landlords are facing longer wait times due to a backlog at the Landlord and Tenant Board (LTB), which is delaying the resolution of disputes and processing of tenant applications. This backlog, is putting additional pressure on landlords to ensure the validity of prospective tenants.

3. Digital Deceptions on the Rise

The trend of digital deceptions has become more prevalent as technology advances. Fraudulent applications are becoming more sophisticated, making it increasingly difficult for landlords to discern genuine from false information. As digital tools become more accessible, so do the methods of deception.

4. Importance of Due Diligence

In light of these challenges, landlords are advised to exercise extreme caution when renting to potential tenants. Comprehensive due diligence is essential to prevent falling victim to fraud. This includes:

• Thorough Screening: Ensure all documents, including credit reports, employment verification, and pay stubs, are rigorously checked and verified.
• Professional Verification: Engage designated professionals for validation of critical documents to ensure their authenticity.
• Cross-Checking Information: Compare the information provided by the tenant with other available data to spot inconsistencies.

5. Legal Implications of False Information

Prospective tenants who knowingly provide false information in a tenancy application can face serious legal consequences. If a person intentionally supplies incorrect information, they may be charged with a crime. Furthermore, individuals who knowingly assist in such fraudulent activities could also face criminal charges.

6. Conclusion

Ontario landlords are navigating a challenging landscape marked by an increase in fraudulent tenant applications and administrative delays. The rise of digital deceptions underscores the necessity for meticulous tenant screening processes. By implementing rigorous verification procedures and remaining vigilant, landlords can better protect themselves from the growing threat of rental fraud.

Discover the power of Legal Edge Property Management by OLH Group to help you effectively screen and secure reliable tenants. Pricing – Rent4All Property Management Windsor (olhgroup.ca)