Condos · Toronto and the GTA
Find a tenant for your Toronto condo, with the building's rules handled
We market your unit, book showings through your building, screen every applicant and prepare the Ontario standard or custom lease. One flat fee of one month's rent plus HST, paid when your tenant signs.
Free · No obligation · $0 until your tenant signs · 10-Month replacement guarantee
In short
Zola finds and screens a tenant for your condo, then handles the extra steps condos add: the building's rules and the showing and move-in bookings. Once the lease is signed, you, as the owner, must give the condo corporation notice of the lease and a copy within 10 days. The fee is one month's rent plus HST.
Who it's for
Condo owners who want the unit rented to someone who'll respect it, and the building.
Investors with a newly finished unit
Your unit just closed and you need a first tenant. Units first lived in after November 15, 2018 aren't under the yearly rent increase cap, which changes how you price.
Owners who are moving out
You're moving for work or family, keeping the condo, and want a tenant in before your move.
Owners who live abroad
We handle showings, screening and the lease. You approve the tenant and sign online, wherever you are, and arrange the keys for move-in.
What's included for condos
Everything in our tenant placement service, plus the steps a condo adds.
What's included
- A rental market analysis based on similar units in your building and nearby
- Professional photos, an optimized listing and ads on 6+ rental platforms
- Showings booked the way your building's management requires
- 27-point screening of every serious applicant
- The Ontario standard lease or a customized lease, with your building's rules attached
- Parking, locker and fob details written into the lease
What isn't included
- Managing the tenancy after move-in
- Collecting rent or paying condo fees
- Repairs and dealings with the board
- Move-in inspections and handing over keys and fobs
- The lease notice to your condo corporation: you send it, with a copy of the lease, within 10 days of signing
- Short-term or furnished nightly rentals
What we need from you
- Parking and locker numbers, and how many keys and fobs come with the unit
- Who pays which utilities (hydro is often separate)
- Your approval of the tenant, and your signature
How it works for a condo
The same five steps as every placement, with the building's steps built in.
Strategy call
Day 1
A rental market analysis for your building and area, with its rules in mind, and a rental strategy for your unit. Current rents are in our Toronto rent guide.
Listing
Days 1 to 2
Professional photos of the entire unit and the building's amenities, and optimized listing details for an attractive ad. Live within 12 to 24 hours.
Showings
Days 3 to 12
Booked through the concierge or management office as your building requires, evenings and weekends included.
Screening and approval
Days 8 to 14
Our tenant screening, with the 27-point check for every serious applicant, including our LTB record search. You see what we found and make the final call.
Lease signing
Days 14 to 21
The Ontario standard lease or a customized lease, with your building's rules attached. You hand over keys and fobs once it's signed and first and last month's rent is paid.
Free · No obligation · $0 until your tenant signs · 10-Month replacement guarantee
What it costs for a condo
The same flat fee as every placement.
- One month's rent plus HST, at the rent in the signed lease
- Paid when the tenant signs, not before
- No extra charge for the condo paperwork
- The same firm fee for each unit if you own several
The fee
One month's rent plus HST, once
If we don't find you a tenant, you pay nothing.
| Rental | Monthly rent | Zola’s fee |
|---|---|---|
| Studio, downtown Toronto | $1,950 | $1,950 + HST |
| 1-bedroom plus den, North York | $2,400 | $2,400 + HST |
| 2-bedroom, 2-bathroom, Mississauga City Centre | $2,900 | $2,900 + HST |
Proof for condo owners
We don't have a Google review about a condo yet. This one is about what matters most in a condo building: making sure applicants are who they say they are.
5 out of 5 stars
“His meticulous approach and unwavering commitment to verifying the authenticity of documents have saved us from falling prey to fraudulent individuals. Moreover, he successfully negotiated the desired rental rate on our behalf.”
- 100+properties rented
- 14 daysaverage time to rent
- 1.7 yearsaverage tenant stay
Our promise
If your tenant breaks the lease in the first 10 months, we find you a new one at no cost
If a tenant we placed leaves or breaks the lease within a 10-month period, we re-list, re-screen and re-place the tenant without charging a second fee. The full terms are in your written agreement with Zola; ask for a copy.
- No extra fee for the replacement placement
- The same 27-point screening for the new tenant
- We handle the marketing, showings, screening and lease again
Condo rental questions
Do I have to tell my condo corporation I'm renting?
Yes. Ontario's Condominium Act requires you, as the owner, to tell the corporation the unit is leased and give it a copy of the lease within 10 days of signing.
What can my building's rules limit?
Your condo's declaration and rules can limit things like short-term rentals, pets, smoking, noise and move-in times, and your tenant has to follow them. We ask for the building's documents before we list.
Can I rent my condo short-term instead?
In Toronto, only if it's your principal residence: investment and secondary units can only be rented long-term, and many buildings restrict short stays anyway. Other cities have their own rules. Our Toronto short-term rental guide explains them.
My condo is brand new. Does rent control apply?
Units first lived in after November 15, 2018 are exempt from Ontario's yearly rent increase guideline. You still need 90 days' written notice and 12 months between increases. Our rent increase guide explains the rules.
Can I ban pets in the lease?
A no-pets clause in an Ontario lease is void. Your condo's own rules can still restrict some pets, and your tenant must follow them.
Who pays the condo fees and utilities?
You pay the condo fees as the owner. Utilities that aren't included in the fees, such as hydro, can be the tenant's to pay if the lease says so.
I live abroad. Can you handle everything?
Nearly everything: showings, screening and the lease. You approve the tenant and sign online, and arrange the keys and fobs.
More questions? See the FAQ, read how pricing works, or call 437-448-6162.
Find out what your condo can rent for
Tell us the building and the unit. We'll call with a rent estimate, a plan and a realistic timeline. It's free, with no obligation.
Get my free rental strategy
What happens next
Prefer to talk? Call or text 437-448-6162
Free · No obligation · $0 until your tenant signs · 10-Month replacement guarantee