A Guide to Renting with Devon Properties
We are dedicated to helping renters navigate cities and neighbourhoods to find communities and apartments you love. We want to increase your chances at securing the rental you want and we are here for you, every step of the way. Follow these simple steps to make applying for your new apartment that much smoother.
Step 1: Search for Your Apartment
Explore available rental listings on devonproperties.com to find an apartment that suits your needs and desired neighbourhood. Once you’ve identified a property (or a few options), submit an inquiry to the Leasing Agent or Building Manager to book a viewing.
Step 2: Schedule a Viewing
Our leasing and building management teams will coordinate with you to schedule a day and time that works for you to visit the property. You can tour the property and its amenities and view available suite layouts. Our team is available to answer all your questions and support you during the process.
Step 3: Prepare Your Application
Once you’ve found your perfect apartment and you’re ready to apply, submit an application along with supporting documents, such as ID, references from employers and previous landlords, and proof of income.
Step 4: Application Approval & Lease Signing
Once your application is approved, you will be required to sign the Residential Tenancy Agreement and, if applicable, additional addendums such as our pet, parking stall and storage space rental agreements. At the time of signing, your security deposit (equal to half a month’s rent) and pet deposit (if applicable) will be required.
Step 5: Prepare for Move-In
Before your lease start date, complete the final steps for a smooth transition: set up rent payments, register with your provincial utility, coordinate your move-in date with your building manager to secure elevator access, and finalize additional fees if applicable. We look forward to welcoming you to our Devon Properties community.
Frequently Asked Questions
Does a credit check run by Devon Properties affect my credit score?
Whenever a business or individual pulls your credit report, an inquiry appears on your credit history. This inquiry shows who pulled the report and when it was pulled. Most property managers and landlords who perform credit screenings conduct a “soft” inquiry. A soft inquiry has no impact on your credit rating. Thus, you can incur as many soft inquiries as necessary without hurting your credit score.
What is a Letter of Guarantee?
A Letter of Guarantee is a financial and legal agreement obligating a third party to pay any outstanding rent arrears and/or damages to a suite if the resident is unable to pay the amount due. A Letter of Guarantee is often used if a prospective resident does not meet Devon’s resident screening requirements and, therefore, a guarantor may be required. For example, if you have bad credit or if you have no rental history, a guarantor might help you qualify.
How long is my tenancy agreement (lease) for?
Devon’s residents enter into a one-year tenancy agreement, which automatically reverts to a month-to-month tenancy.
Do I need tenant insurance?
As a Devon Properties tenant, it is mandatory to maintain a tenant insurance policy. This policy requirement secures and protects what’s most important to you and your family. You can rest assured knowing you will be protected. Devon has partnered with APOLLO Insurance to provide preferential pricing for tenant insurance. For more information, please contact APOLLO Insurance:
Website: https://apollocover.com/lp/devon Learn more here.
Do you have any furnished units?
No, Devon does not provide furnished rental units. However, select apartment buildings have furnished guest suites available for short-term rental by residents of these buildings.
Is parking included in the monthly rent fee? What if I have two vehicles?
No, parking is not included in the monthly rent payment. Each Devon apartment building has different monthly parking fees.
Each rental unit is typically assigned one parking spot. If a resident has the need for additional parking spots, the building manager can work with the resident to satisfy their parking needs.
What is your pet policy? Are pets allowed? If so, is there a fee?
Each Devon apartment building is unique and the pet policy varies from building to building. That said, only a select number of Devon buildings allow pets and an associated pet deposit is required at the time of application or at the time of acquiring a pet.