How to Use Rental Debt Ledger
Hold people accountable by tracking rental debt owed to you after you’ve received an order from the Tribunal. We’ll report it to Equifax too.
Weiting Bollu
Last Update 11 dagen geleden
How to Use the Openroom Rental Debt Ledger System
→ Anyone using Openroom’s Rental Debt Ledger product. More specifically, as a Tenant whose Landlord claims they owe rent.
Subscription Plans
→ Anyone on the Openroom Community plan
→ Anyone on the Openroom Plus plan
Use Openroom to track your Rental Debt (For Landlords)
1. We accurately track accrued interest and payments to help you file subsequent forms (e.g. small claims court)
2. We help you report the Rental Debt to Equifax
Cost
$88.00 + HST per Rental Debt Ledger application.
This is a one-time fee with continuous usage for tenant or tenants at one address. There is absolutely no monthly subscription involved.
To get access to the Rental Debt Ledger System, you need to sign in.
- You can create a free account (https://openroom.ca/signup)
- Logged in to Openroom (https://openroom.ca/login/)
- Head to the left navigation for “RENTAL DEBT” tab (https://openroom.ca/dashboard/rental-debt)
Eligibility to Participate
In order to get access to the Openroom Rental Debt Ledger System, you need to have:
✓ Have a court order from the Ontario Landlord & Tenant Board Order for non-payment of rent issued within the last 5 years. Note: 6 years is the reporting limitation time frame and it may not be worth your money to report it for a few months.
✓ Be either the landlord or work for the landlord specified in the court order
✓ Have date of birth and emails tenant(s)
✓ Still have Rental Debt from the court order owed to you
The life-cycle of a Rental Debt Ledger Application for Non-Payment of Rent
When there is a Tenant who does not pay rent, you come to Openroom to help you make sense of your court order and to make the court order hold more value.
Step 1: Preparing your Rental Debt Ledger application
1. Court Order: Upload the court order
2. Tenants: Add the Tenant name(s)
3. Occupancy: Add a date in which Debtor has moved out (if applicable)
Indicate if there were any repayments as of the day you are filing this Rental Debt Ledger with us
4. Repayment: Have you collect any payments for this debt? If so, you are responsible for tracking it.
5. Supporting Documents: Add supporting documentation in case of disputes
5. Verification: Verify your identity. We need to know you are who you say you are.
6. Contact Details: Let us know who you want the Debtors to contact. This can be separate from you, the filer of the Rental Debt Ledger. e.g. sometimes the Creditor wants their legal representative to handle communications.
8. Confirm and Pay: Proceed to payment of $88.00 + HST CAD
📌 For individuals or companies who do bulk Rental Debt Ledgers, Openroom offers a loyalty program with discounts at each volume tier.
Step 4: Tenants have 14 days to dispute
On the Tenant’s Dashboard, there is an opportunity to dispute a record being sent to Equifax. In order to dispute, there has to be evidence substantiating the claim.
When an application is disputed with evidence, we will notify the filer as soon as possible to resolve the issues before we send the records to Equifax.
Step 5: Wait for the First Rounds of Reporting to Equifax
On the 15th of every month, we send a new batch of updated dollar values to Equifax. There are updated values because we accumulate interest automatically on your rental debt file when there is still an outstanding balance.