Property Management Licensing Practice Exam · Question
A tenant consistently pays rent late. What is the first formal step a property manager typically takes to address rent arrears in many Canadian provinces?
The standard first step is to issue a formal notice of rent arrears, generally providing a period (e.g., 5 or 10 days) for the tenant to pay, before pursuing mo
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Question: A tenant consistently pays rent late. What is the first formal step a property manager typically takes to address rent arrears in many Canadian provinces?
Answer options:
- Immediately serve a notice of termination.
- File an application with the Landlord and Tenant Board/Residential Tenancy Branch. ✅ Issue a written notice of rent arrears, demanding payment.
- Change the locks until payment is received.
Correct answer: Issue a written notice of rent arrears, demanding payment.
Explanation: The standard first step is to issue a formal notice of rent arrears, generally providing a period (e.g., 5 or 10 days) for the tenant to pay, before pursuing more severe actions like termination.
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