So, you want to own or buy a Rental Property? Join Upper Edge Property Management where, in the next installment of this Guide to Real Estate Wealth, Garret Wong explains the rules in Manitoba for keeping or disposing of tenant abandoned property.

When we speak about abandoned property, we’re referring to items that a tenant leaves behind when they vacate a property. The RTB needs the landlord to determine if the items are of a personal nature, or have monetary value.

If the landlord believes the items have no monetary value, or unsanitary or unsafe to store, then the landlord may dispose of them, without authorization from the Branch.

For items that are of a personal nature this refers to momentos, photographs, etc, the landlord must fill out a form called “Inventory of Tenants Abandoned Property” and send it to the Branch and the tenant, and then store the items for 60 days before disposing of them. For items that have monetary value, you have to complete the inventory form, store the items for 60 days, and then the Branch will authorize you to sell those items, usually by public auction.

Upper Edge Property Management, located in Winnipeg, Manitoba, Canada, has been successfully managing rental property for their investors since 1999, and chooses to specialize in the management of single family homes, condominiums and smaller multiplex buildings and apartment blocks.

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