MONTRÉAL, QUÉBEC--(Marketwired - Jan. 24, 2014) - The Quebec Landlord's Association (APQ), in addition to being available for interviews throughout the day, is still shocked to see that no legislative change has occurred to change once and for all the 1980 adopted method!
The owners purchased their properties for their pension funds, a rock solid investment. But 30 years later, there's certainly something to be discouraged from owning rental housings, according to Martin Messier, president of the APQ
- The owners are struggling with very high vacancy rates, 3.1% throughout the Province.
And even up to 5.3% in the Sherbrooke CMA
- The rate of increase is very low 2.6% and it'll take more than 32 years to recoup their major work. Recall that a flat roof should be changed every 10-15 years!
- Tenants who don't pay their rent and can stay in their home 4-5 months before being evicted. In 2012-2013 according to the annual report of the Régie du logement, there were 46,571 hearings.
- Lost and non-recoverable amounts : among the 46,571 hearings and 3,103 requests related to eviction, how much did the owners recover? After having incurred costs to try and track them down, collect fees for what they owe, how much is left?
The rent increase following the figures of the Régie du logement, either 2.6%, leaves a more than bitter taste in the mouths of owners.
We hear tenant associations say the costs of rental housings are too high added Mr.Messier.
To conclude the Quebec Lanlord's Association (APQ) wishes to remind that a major overhaul of the method of fixation of the rent and the rules surrounding the rental is more than necessary. Let's stop building social housings for a moment, and look at how legislative change could solve many problems.
The discussion is the only alternative
Reminder to owners : If you do not claim your rent increase it will be lost forever!
We must remember that everything that isn't claimed during the increase will be lost (in 2014, only the 2013 expenses will count).
Negociation is the best solution. Whether you're a homeowner or a tenant, sit down together and talk it over, the work to be done, estimated costs to determine a reasonable rent increase. according to the Quebec Lanlord's Association (APQ).
Free calculation tools
This year you can use our improved version of the APQ calculation tool and send your rental increase notices, simple and free for everyone. The user of this tool can input their own data to represent the required adjustment. Then the notice will be automatically completed as well as response notice. Print out and send to the tenant.
To obtain this file for free, you must contact us at 1-888-382-9670 or visit the www.apq.org
The APQ is the most important Quebec Lanlord's Association and defends the rights and interests of owners of rental housing in Quebec since 1984 in all regions of Quebec, while offering to it's members a wide range of products and services through it's significant purchasing power.