Quote:
Originally Posted by JDMDreams
ability to evict immediately if rent has been missed for more than 2 months. No ifs and buts, try missing your mortgage, car loan or visa payment for 2 months and see what happens.  |
The current laws on the books allow for eviction notice if rent is missed by only a single day.
The issue is in the delay time for a dispute to be heard by an arbitrator.
All that needs to happen is the RTB needs to be funded for more arbitrators to get hear the cases more quickly, and there needs to be a mechanism that expedites non-payment eviction disputes to the front of that line so that they happen in a week or, not a month.
As Gerbs' mentioned, your mortgage/car loan/visa payment comparison is not a great one. It's up to the individual lender, but generally there will be some grace period. I've never heard of somone missing one payment and a bank immediately being like "Your house is ours now!". It's usually several missed payments, and then the process to foreclose can take MONTHS.