Do You Really Need a Property Manager? Helpful Links to Alberta Laws and Regulations

Should you use a lease agreement that you found on the internet?

Should you use a friend or family member or unlicensed contractor to find a tenant?

Does your mortgage lender or insurance require a licensed property manager?

The Role of Property Management in Alberta

Lenders and insurers expect compliance with property laws and maintenance standards. Failing to meet these can lead to penalties or denied claims. A licensed property manager ensures your property meets these obligations while maximizing returns.

Improper leases are a major risk. In Alberta, leases must comply with the Residential Tenancies Act (RTA). Non-compliant leases often favor tenants, leading to costly evictions or legal disputes. Learn more about tenancy laws from Service Alberta.

Preventing Costly Mistakes

Without professional management, recovering from tenant-caused damages or unpaid rent can be challenging. Protect your investment by using proper leases and conducting regular inspections. For help resolving tenancy disputes, visit the Residential Tenancy Dispute Resolution Service (RTDRS)

Breaking tenancy laws, even unintentionally, can result in hefty fines. For example, mishandling security deposits or ignoring maintenance requests could put you in legal trouble. The Real Estate Council of Alberta RECA outlines best practices for compliance.

Why Choose Leaseups?

At Leaseups Property Group, we’re licensed in both property management and real estate. Here’s how we save you time and money:

1. Expert Tenant Placement: We rigorously screen tenants, reducing risks of non-payment and property damage.

2. Legal Compliance: Our team uses Residential Tenancy Act - RTA Residential Tenancies Act compliant leases, avoiding disputes and costly mistakes.

3. Full-Service Support: From working with mortgage brokers to coordinating trades, we handle it all behind the scenes.

Your Trusted Edmonton Property Partner

Leaseups knows the Edmonton market inside out. Whether you’re buying, renting, or managing property, we ensure your investment thrives.

We protect and grow your portfolio!