4 effective employee retention strategies for property managers
An effective employee retention strategy is crucial to the success of any business, and a people-focused industry like property management is no exception.
All homeowners, including landlords, must now install CO alarms if their property has:
Alarms must be installed adjacent to every sleeping area and on every storey of the home, including levels without bedrooms. This applies whether the property is owner-occupied or rented out.
In apartments and condos, CO alarms are also required if a unit:
These buildings also require alarms in public corridors if they are heated by fuel-burning systems.
Landlords, and in turn property managers, are responsible for installing, maintaining, and testing CO alarms annually, and for providing tenants with maintenance instructions. Tenants must report any malfunctions or signs of failure.
Combination smoke and CO alarms can be used to meet these new requirements.
If your properties haven't been brought up to code already, act fast. Delays don’t just increase the risk of fines, they increase the risk to tenant health and safety.
More regulation headlines
The rental reforms under Bill 60 explained – PayProp blog
Toronto city council considers maximum indoor temperature bylaw – City of Toronto
In Ontario, who has to shovel snow: the tenant or landlord? – Storeys
Sign up for the month's most important UK private rented sector headlines, curated by us. Lorem ipsum dolor sit amet, consectetur adipiscing elit.