AKELIUS CANADA LTD - TORONTO PROPERTY HISTORY REPORTS

  Do I have to get tenant insurance? You are not legally obligated to get tenant insurance but a landlord may require that you get insurance before they rent an apartment to you. Landlords have property insurance for the building or house itself but this doesn’t include coverage for the contents of your rental unit. It is a common misunderstanding that if there is a flood or a fire that was caused by a neighbouring unit or by the landlord themselves they will cover the damages to your contents. Without insurance, you would be required to pay for the replacement costs of your content (furniture, clothes and belongings inside your apartment) yourself. Another misconception is if you cause damage by accident to other units or your landlord’s home, that you won’t have to pay for the damages. If you are held responsible, you can be sued and expected to pay. These are some important reasons why you might consider getting tenant insurance even if your landlord doesn’t require it. What is cove

 AKELIUS TORONTO APARTMENT BUILDING AT 16 ST. JOSEPH ST. HAS BEEN WITHOUT HEAT FOR ALMOST A MONTH. ARTICLE FROM BLOG TORONTO https://www.blogto.com/real-estate-toronto/2024/03/toronto-rental-building-no-heat/ Posted  March 23, 2024   by  Phoebe Knight A rental building in Toronto has left its residents with no heating since the beginning of March, and there's currently no end it sight. On March 4, residents of 16 St. Joseph Street — a rent-controlled building in  Church Wellesley Village  —received a notice from  Akelius , the building's management company. It stated that the building would be without heat due to an HVAC upgrade, but nearly three weeks later, tenants are still shivering. "The steam boiler has run its course and is beyond repair," the notice reads. "We have proactively installed [a] heating/cooling fan coil system which requires an electrical system upgrade." The communication then goes on to say that Toronto Hydro would have to perform an &q

1.75% RENT REDUCTION UPDATEAkelius Canada Ltd. is aware of the LTD order TSL-34824-12 and is currently in the process of making the necessary adjustments. Once the adjustments are finalized, all affected residents will receive a formal notification that details the changes made. The rent reduction period will start from March 1, 2024, to February 28, 2025. If you are an affected tenant and are not notified by Akelius, please remember to reduce your rent on the specified date mentioned below. It is important to note that the list provided is only partial, and the order must be reviewed by Akelius to ensure that all tenants entitled to a reduction in rent are included. Here are the details of the tenants who are entitled to the rent reduction and their respective claim dates: - Apt 312: Moved in on July 1 and will claim the 1.75% rent reduction on July 1, 2024. - Apt 401: Moved in on August 1 and will claim the 1.75% rent reduction on August 1, 2024. - Apt 410: Moved in on July 1 and wil