What is up everybody today we're going to be going over the N1 form now if you are a real estate investor it is very important for you to know what forms to use with your tenants because if you don't use it correctly and in a timely manner your case can actually be thrown out at the tribunal hearing so it is very important to actually know your forms and unfortunately as a landlord you're going to constantly have to issue these forms this series of videos I would like to go over the landlord tribunal forms to help you become a better real estate investor what's up everybody my name is Paul Sony I am a real estate agent a mortgage specialist and a real estate investor I want to be able to show you what forms are needed to help you become a better real estate investor because because if you do not arm yourself with this knowledge now you are going to get inundated with this process now many of you the state investors when they start off usually do things on their own so it's very important to be able to understand these forms know how to fill them out when to fill them out and how to serve them into these forms I want to be able to talk about the N1 form and what this form is actually used for is when there is a rental increase now there are two ways to be able to issue a rental increase one is uh what is governed by the Ontario government and they actually set guidelines as to what the rental increase will be for that particular year and the other way is when you're getting approval from the ministry to be able...
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About N1 Form Ontario
The N1 form in Ontario refers to a Notice to End a Tenancy for Non-payment of Rent. It is a legal document that landlords can use to notify their tenants that they are behind on their rental payments and must either pay the outstanding amount or vacate the premises within a specified timeframe. Landlords use the N1 form when they want to terminate a tenancy due to non-payment of rent. It is typically issued after giving the tenant a reasonable opportunity to pay what is owed. The form outlines the details of the outstanding rent, the deadline for payment, and the consequences of failing to comply, including eviction. The N1 form is used solely by landlords who wish to address non-payment of rent issues and is not applicable for other reasons for eviction, such as lease violations or property damage.
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