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Emerald Management and Realty Ltd.'s Blog

Founded in 1972, Emerald Management and Realty Ltd. has offered services in the greater Calgary real estate market for more than 35 years.

Monthly Archives: August 2015

Emerald Management & Realty Ltd., provides property management and rental services for Calgary houses, apartments and properties in Alberta, Canada. Dedicated to working closely with property owners and fulfilling their obligations while monitoring renter expectations, Emerald Management & Realty Ltd., also encourages tenants to acquire tenants’ insurance. While landlord insurance policies may cover some expenses, tenants’ insurance remains important for a number of reasons. Currently, the Residential Tenancy Act in Alberta does not require that a tenant have insurance and while Emerald Management & Realty Ltd. can not guarantee what a tenant will or will not do, tenant insurance is still great peace of mind for tenants for some of the following reasons:

1. Protect personal belongings. Typically, landlord insurance coverages protects the property and landlord against structural damage and personal liability in the event an individual sustains an injury while on the property. However, these policies do not protect tenants’ personal possessions against theft or accidents such as fire or flooding.

2. Avoid replacement costs. Expenses for uninsured possessions that require replacement fall solely on the tenant. Even small and inexpensive items can add up depending upon the extent of the damage or possessions lost, especially if credit is owed on lost items. Since tenants’ insurance is relatively low-cost, it can save tenants a considerable amount on possession replacement costs.

3. Secure displacement protection. In the event that your unit or dwelling becomes uninhabitable due to fire or other extensive damages, landlords are not required to pay for expenses involved in finding temporary housing. Individuals with tenants’ insurance may have these expenses covered for them by the insurance provider, including moving costs.

The above are just a few examples of the benefits of tenant rental insurance. Again for peace of mind for the tenant – the cost is nominal and well worth serious consideration.

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The following tips cover preventative actions against a common problem – water leaks:

1. Inspect sink pipes and toilet water lines regularly.
Examine the pipes under kitchen and bathroom sinks for signs of deterioration and loose fittings. Kitchen sinks in particular often undergo heavy use due to cooking, washing dishes or hands, or making ice. In addition, slow-moving drains may indicate pipes require servicing. Toilet supply lines are another common water leak culprit and should be checked.

2. Watch for staining and soft spots in bathrooms.
Bathrooms are at higher risk for water leakage, particularly around showers and toilets. Staining or soft spots around walls and floors are primary signs of potential leakage that is hidden and taking place behind the walls or under the floors.

3. Check washing machine hoses regularly.
Look for signs of cracking, fraying, or leaking. Replace hoses every five years or sooner as-needed. Perform examinations at least once a year.

4. Pay attention to your water bills.
Review your water bills each month for unexplained spikes and increases in usage. If you cannot make a reasonable connection between the increased bill and your water usage that month, you may have a leak and should investigate further.

5. Periodically examine refrigerators and dishwashers.
Leaks from refrigerators and dishwashers are not always immediately noticeable and may go undetected for years. Periodically check under appliances for discoloration, and clean the area behind refrigerators at least once a year.

6. Create emergency guidelines.
Leaks cannot always be prevented, so it can help to establish guidelines on how to handle leaks ahead of time. Know where the shut of valves are for all areas of your home and have your emergency contact list for City services and preferred maintenance trades handy.

To address these types of situations and disasters for the properties under management, Emerald Management & Realty Ltd. has extended office hours with service 7 days a week and emergency support 24 hours a day.

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