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AKELIUS CANADA LTD. - DO I HAVE TO GET TENANT INSURANCE?

  Do I have to get tenant insurance? You are not legally obligated to get tenant insurance but a landlord may require that you get insurance before they rent an apartment to you. Landlords have property insurance for the building or house itself but this doesn’t include coverage for the contents of your rental unit. It is a common misunderstanding that if there is a flood or a fire that was caused by a neighbouring unit or by the landlord themselves they will cover the damages to your contents. Without insurance, you would be required to pay for the replacement costs of your content (furniture, clothes and belongings inside your apartment) yourself. Another misconception is if you cause damage by accident to other units or your landlord’s home, that you won’t have to pay for the damages. If you are held responsible, you can be sued and expected to pay. These are some important reasons why you might consider getting tenant insurance even if your landlord doesn’t require it. What is cove
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AKELIUS TORONTO APARTMENT BUILDING AT 16 ST. JOSEPH ST. HAS BEEN WITHOUT HEAT FOR ALMOST A MONTH.

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  AKELIUS TORONTO APARTMENT BUILDING AT 16 ST. JOSEPH ST. HAS BEEN WITHOUT HEAT FOR ALMOST A MONTH. ARTICLE FROM BLOG TORONTO https://www.blogto.com/real-estate-toronto/2024/03/toronto-rental-building-no-heat/ Posted  March 23, 2024   by  Phoebe Knight A rental building in Toronto has left its residents with no heating since the beginning of March, and there's currently no end it sight. On March 4, residents of 16 St. Joseph Street — a rent-controlled building in  Church Wellesley Village  —received a notice from  Akelius , the building's management company. It stated that the building would be without heat due to an HVAC upgrade, but nearly three weeks later, tenants are still shivering. "The steam boiler has run its course and is beyond repair," the notice reads. "We have proactively installed [a] heating/cooling fan coil system which requires an electrical system upgrade." The communication then goes on to say that Toronto Hydro would have to perform an &
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1.75% RENT REDUCTION UPDATE

1.75% RENT REDUCTION UPDATE Akelius Canada Ltd. is aware of the LTD order TSL-34824-12 and is currently in the process of making the necessary adjustments. Once the adjustments are finalized, all affected residents will receive a formal notification that details the changes made. The rent reduction period will start from March 1, 2024, to February 28, 2025. If you are an affected tenant and are not notified by Akelius, please remember to reduce your rent on the specified date mentioned below. It is important to note that the list provided is only partial, and the order must be reviewed by Akelius to ensure that all tenants entitled to a reduction in rent are included. Here are the details of the tenants who are entitled to the rent reduction and their respective claim dates: - Apt 312: Moved in on July 1 and will claim the 1.75% rent reduction on July 1, 2024. - Apt 401: Moved in on August 1 and will claim the 1.75% rent reduction on August 1, 2024. - Apt 410: Moved in on July 1 and wi
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AGI RENT REDUCTION 111 LAWTON BLVD. 1.75%

  AGI EXPIRED - RENT REDUCTION 1.75%                                111 LAWTON BLVD  - AGI EXPIRED – RENT REDUCTION 1.75%                                                      https://111lawtonblvd.blogspot.com Tenants at 111 Lawton Blvd. who have occupied the same apartment unit since 2011/2012 and whose name is listed on the Landlord and tenant board ORDER TSL-34824-12 the following will apply to you. Rent Reduction 1.75% Start dates to claim your rent reduction March 1, 2024 – February 28, 2025 Landlord and Tenant Board ORDER – TSL-34824-12 Notice of Hearing Date June 4, 2013 On June 4, 2013, the landlord MLT Properties Ltd. now owned by Akelius Canada Ltd. was awarded a rent increase of 1.75% for capital expenditures per apartment unit listed on the Landlord and Tenant Board order TSL-34824-12. This increase was to remain in effect for 11 years. After eleven years the landlord agreed to reduce the rent by 1.75%. It is widely known in the real estate field that landlords
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Akelius Canada Ltd. issues rent reduction for expired AGI at 111 Lawton Blvd.

EXPIRED AGI 2006 Akelius Canada Ltd. has issued revised N1 notices of 2.5% to most tenants located at 111 Lawton Blvd. for March 1, 2023, instead of January 1, 2023. The reason for the change tenants were not given the proper 90-day notice as set in law by the Ontario government.  A total of nineteen tenants were issued N1 notices of rent increases of 2.5% to start September 1, 2023, instead of January 1, 2023, due to rent amount errors stated on the previous N1s.  The nineteen tenants will also receive a reduction in rent of 0.82% backdated starting on October 1, 2022. This is what created the error in the first N1 notices to these tenants. Reduction in rent due to an expired AGI 2006. Please check your rental accounts for these adjustments. The 2006 AGI has now been honored and the file is closed.
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2006 ABOVE GUIDELINE RENT REDUCTION

  URGENT:  ABOVE GUIDELINE RENT REDUCTION 2006 Since August 31, 2022, I have been corresponding with Akelius Canada Ltd. and two of their employees Mr. Gregory Simon, Property Manager, and Ms. Neusha Shahriar-Husain, Property Administrator for 111 Lawton Blvd. All three parties are aware the AGI 2006 order expired September 30, 2022, ordering a rent reduction of 0.82% for the tenants listed in the order TSL-84316 starting October 1, 2022. Only current tenants residing in the same apartment unit at the time of the order are entitled to the reduction. Review your copy of order TSL-84316 for further information. Akelius Canada Ltd. has been avoiding implementing the ordered rent reduction in TSL-84316. If you have not received the 0.82% rent reduction as ordered by the Landlord and Tenant Board, I would suggest on your next rental payment for June 1, 2023, you reduce your rent per TSL-84316. I have included a sample of a letter you can use to email or mail to Akelius Canada Ltd. along
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AKELIUS CANADA LTD. - ABOVE GUIDELINE RENT REDUCTION

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  PLEASE REVIEW THE ENTIRE VIDEO (9:43) TENANTS 111 LAWTON BLVD. TORONTO, ONTARIO M4V 1Z9   ABOVE GUIDELINE RENT REDUCTIONS Schedule of coming reductions in rent for the following three Above Guideline Increases for 111 Lawton Blvd.   RENT REDUCTION OCTOBER 1, 2022 AMOUNT: 0.82% File Number TSL-84316 Application heard on September 7, 2006 It was determined the landlord justified a rent increase above the guideline because of capital expenditures incurred. The parties agreed to a 0.82% increase. If the landlord increases the rent charged for any unit pursuant to this order, then the rent charged on October 1, 2022, must be reduced, pursuant to s.139.1 of the Tenant Protection Act. 1997, if the same tenant occupies the unit on that date. 2006 AGI PDF DOCUMENTS DOWNLOAD   RENT REDUCTION FROM MARCH 1, 2024 TO FEBRUARY 28, 2025 AMOUNT: 1.75% File Number TSL-34824-12 Application heard on June 4, 2013 It was determined the landlord justified a rent increase above the guideline because of capi
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