Tenants

If you are a tenant and would like to rent one of our properties or any other properties currently on the market, click APPLY NOW to fill out a Rental Application and email it to info@comrespropertymanagement.ca

Using a Realtor to Help You Find a Rental in a Competitive Market

1. Using a realtor is free for tenants

Did you know that using a realtor to find a rental property is free for tenants?

“Realtors work for the landlord, not the tenant, so there is no cost to the tenant for using these services,”

In fact, many realtors offer additional services like finding roommates or negotiating a lease agreement on behalf of the tenant. Realtors can help the landlord vet tenant applications and find the right fit, but they can also help tenants. They do this by providing them with information about the property management company or landlord, so they understand if it is a good fit for both parties.

2. Immediate access to more rental listings

Although listings on multiple listing services (MLS) are publicly searchable, real estate agents may see them first as there can be a delay between uploading the listing and when the public can view them. Realtors can potentially be notified of a listing that is coming soon to give their clients a first chance at seeing it. Also, realtors often have a network of property investors or landlords that they have worked with in the past and may be able to help secure a property before it becomes more widely available.

Most rental units listed on MLS are not available for the public to walk through without a realtor. “As more landlords are choosing to list with a real estate agent to find the best tenants, this could open up an additional pool of listings that you have access to when working with a realtor.”

3. Data and information about the local rental market

Rental markets are becoming increasingly more competitive across the country. Rentals.ca reported that rental prices were up 11.8% year over year in October. The reality is, landlords can list their property for whatever they want. So, it’s important to have someone in your corner that can tell you if the property you’re interested in is being offered at fair market value. A real estate agent can also provide you with information about surrounding real estate markets if your location is flexible and you’re looking for more affordable options. Working with a real estate agent can be extremely beneficial when looking for a rental property in the GTA. Finding someone that understands what you need out of a rental property and also is familiar with the city and neighborhood you’re looking in can make the process efficient and stress-free.

What is a Tenant Representation Agreement?

Tenant Representation is when a real estate agent represents a Tenant’s interests in their search for a residential property for lease. Along with the agency disclosure form, most companies use an exclusive representation letter to show Agents and Landlords of properties that the Agent represents the Tenant, how the Tenant’s Agent will be compensated, and the duration of the Agency contract. There is no cost to you as we get paid by the landlord. This is mainly to ensure that my time to book and show you this or any property entitles me to compensation from the landlord when you are ready to make an offer on a property of interest if any offer is accepted. Click here for a sample Tenant Rep Agreement (TRA)