As a landlord, knowing when and how to carry out renovations can make all the difference—for your tenants, for your building’s longevity, and for your financial health. Good news: the guide “Renovate to Live Better, Together” is packed with useful information to help you identify which types of renovations to prioritize. Here’s an overview of the four main categories of work you should know about.
1. Routine Maintenance: Small Actions That Matter
Maintenance includes the regular small tasks that help prevent bigger issues down the line. This can include checking caulking, cleaning gutters, inspecting smoke detectors, or applying a fresh coat of paint in common areas. These regular upkeep tasks show tenants that their comfort is a priority and can help avoid costly problems later on.
2. Urgent Repairs: When Action Can’t Wait
Water damage, major leaks, or a heating breakdown in the middle of January? These are emergencies that require immediate attention. They directly affect the cleanliness, safety, or habitability of the unit. These issues must be resolved promptly—not only do they pose risks to your tenants, but delaying repairs could also result in legal consequences.
3. Major Renovations: Planning and Communication Are Key
This refers to large-scale projects like roof replacement, balcony repairs, or modernizing plumbing systems. These renovations typically require permits, a significant budget, and a well-structured timeline. It’s crucial to notify your tenants in advance and take steps to minimize disruptions to their daily lives. Under certain conditions outlined by the Administrative Housing Tribunal, these types of projects may entitle you to request a rent adjustment.
4. Insurance-Covered Repairs: Know Your Rights and Responsibilities
If a disaster occurs (like a fire or water damage), some repairs may be covered by your property insurance. However, it’s essential to fully understand what your policy covers, as some responsibilities might still fall on you—especially if there has been a delay in maintenance. It’s also important to inform your insurer and tenants promptly about the situation and how the repairs will proceed.
In Conclusion
Maintaining a rental property isn’t just about major renovation projects—it’s also about prevention, common sense, and good communication. By categorizing your work into these four main areas—routine maintenance, urgent repairs, major renovations, and insurance-related work—you’ll increase your efficiency and peace of mind. And so will your tenants!
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