Ontario's rental landscape is undergoing a significant transformation with the introduction of Bill 60, the Fighting Delays, Building Faster Act, 2025. This omnibus legislation is designed to address the province’s housing crisis by accelerating development and, critically for the multifamily sector, implementing major reforms at the Landlord and Tenant Board (LTB).
For apartment owners and managers, these changes aim to speed up resolutions, define persistent issues, and simplify processes—they aren't just new rules; they are a critical mandate for operational and technological overhaul. As leading experts in multifamily rental technology and Yardi specialists in Ontario, we understand that proactive compliance and process optimization are non-negotiable for future success.
Key Tenancy Reforms in Bill 60: The Operational Impact
While the government has wisely backed away from controversial consultations on changing Ontario's "security of tenure" (month-to-month lease) framework—a significant win for market stability—the bill still introduces several concrete amendments to the Residential Tenancies Act (RTA) that will directly impact property management operations.
Here are the critical changes multi-family operators must prepare for:
- Expediting LTB Processes: Bill 60 aims to reduce the massive backlog at LTB. This includes a proposed change to limit a tenant's ability to raise new issues at rent arrears hearing unless they have given prior notice and, in some cases, paid 50% of the claimed arrears. This mandates a cleaner, more documented approach to tenant communication and debt management.
- Reduced Notice Periods for Review: The time a party must request a review of an LTB order is being shortened from 30 days to 15 days. This significantly increases the need for prompt internal notification, documentation review, and timely legal action.
- Defining 'Persistent' Late Rent: The legislation proposes new regulations to define what constitutes "persistent failure to pay rent". A clear, standardized definition will transform how chronic late payments are handled and documented across your portfolio.
- Owner's Own Use Evictions (N12s): Landlords who give 120 days' notice for an N12 eviction (landlord's own use) may no longer be required to provide one month's rent compensation to the tenant. This change requires precise tracking of notice dates and documentation to ensure compliance and avoid liability.
Yardi as Your Bill 60 Compliance & Optimization Partner
The complexity of these RTA amendments highlights why multi-family operators need a robust, adaptable, and integrated Property Management System (PMS) like Yardi. Our expertise lies not just in Yardi deployment, but also in configuring it as an active compliance tool within the uniquely regulated Ontario market.
1. Automated Compliance and Documentation for LTB
The LTB changes demand impeccable record-keeping and precise adherence to new timelines. Yardi Voyager and its related modules can be leveraged to:
- Streamline Arrears Management: Configure workflows to automatically track rent due dates, issue standardized notices (like the N4), and record all communication, providing a single, verifiable audit trail for LTB applications.
- Enforce New Timeframes: We ensure your system is configured to flag the 15-day review period immediately upon receipt of an LTB order, minimizing the risk of missing critical legal deadlines.
- Standardize 'Persistent Late Payment' Tracking: Once the final definition is regulated, we will implement new reporting and automated flagging within Yardi to consistently and objectively track this violation across all tenancies.
2. Precision for Owner's Use Evictions (N12)
The compensation exemption for 120-day notice N12s requires tight controls. Your Yardi system should be the central hub for:
- Notice Tracking: Automating the calculation and tracking of the 120-day notice period to ensure your action aligns with the RTA's new compensation requirements.
- Audit-Ready Records: Generating time-stamped documentation of notice delivery, tenant communication, and property status for any potential LTB challenge.
3. AI-Driven Data Integrity for Faster Resolutions
The push to reduce LTB delays calls for higher-quality, readily available case information. Yardi's powerful reporting and analytics capabilities can be utilized to:
- Generate Pre-Hearing Reports: Instantly pull comprehensive reports on tenant payment history, maintenance logs, and communication records, ensuring you disclose all relevant information well in advance of a hearing, in line with the LTB's move to prevent "trial by ambush."
- Identify Risk Profiles: Use Yardi's data to flag at-risk tenancies earlier, allowing your team to deploy preventative measures like mediation or payment plans before the situation escalates to a lengthy LTB dispute.
Our Commitment: Your Seamless Transition
For multi-family operators, Bill 60 is an opportunity to move from reactive compliance to proactive operational excellence. By leveraging our deep expertise in Ontario's RTA and Yardi's robust capabilities, we can ensure your technology foundation is not just compliant but also optimized for efficiency and growth in this new regulatory environment.
Don't let LTB reforms become a burden. Turn them into a competitive advantage with a finely tuned Yardi system. Call Assetsoft for consultation