The lease-up mandate is a property management agreement with a fixed term. For the length of it, KEILTY is your property manager: we price your rental, market it, run the showings, screen every applicant and prepare the Ontario Standard Lease for you and your resident to sign. We stay on through move-in and for 14 days after, then the agreement ends and you carry on managing your own property. One short agreement, two invoices, no ongoing monthly fee.
Get My Free Rental Evaluation See what it costsPlenty of owners are perfectly capable of running their own rental. The difference is repetition: we place residents every week, most owners do it once every few years.
You collect the rent, you take the maintenance calls, and you would rather keep it that way. You just do not want to be the one screening applicants and writing the lease.
You moved, you inherited it, or you just finished a basement unit. The first tenancy sets the tone for every year after it, and it needs to start on the correct lease at a realistic rent.
Large houses lease on a calendar, not on demand, and rents on four and five bedroom homes have moved. Pricing and timing decide your year far more than day-to-day management does.
Available anywhere KEILTY operates. See the communities we serve.
A published timeline, a fixed term and a clear end point.
A rent range built from comparable homes that actually leased nearby, not from what other owners are asking and failing to get. You get it in writing, with the marketing plan, and we sign the Property Management Agreement before anything goes live.
Professional photos, listing copy that answers the questions renters actually ask, and syndication across rentals.ca, Kijiji, Zumper and more. We photograph every property ourselves unless you already have professional images that are current and not watermarked, in which case we will use yours.
We answer the calls and messages, qualify who is worth a viewing, and run the showings ourselves. We hold one copy of the key for showings, and it goes to your resident on move-in day. You do not spend your Saturday running back-to-back showings.
Credit, employment and income verification, landlord references and identity on every applicant. We present the completed screening file. You approve the resident, always. Then we send you the Ontario Standard Lease, with the right schedules, for you and your resident to sign digitally. Your resident pays the rent deposit directly to you before any key changes hands, and we confirm with you that it has arrived.
Your resident gets their keys and pays first month's rent directly to you. We complete the move-in inspection with photos and confirm the payment set-up is running.
We hand you the file: signed lease and schedules, move-in inspection, screening file, resident contacts and a handover checklist. We invoice the completion fee. From here the property is yours.
Those timings assume a photo-ready unit. Cleaned, cleared, repairs done and utilities on. The clock starts the day the property is ready to photograph, not the day we sign. A unit that still needs work will not photograph well, and a weak listing costs more in vacancy than the delay does.
We would rather you know this before you hire us than after. The lease-up mandate is a management agreement with a fixed term, and the term ends 14 days after your resident moves in.
If that list is the reason you are here, you want full management instead. The table below compares the two side by side.
Same work, same screening standard and same lease we use for our full-management owners. If the mandate ends without a resident, the setup fee is all you have spent.
A $2,200 per month house in year one, HST included, assuming one new tenancy.
| Lease-up mandate | Full management | |
|---|---|---|
| Setup and onboarding, one time | $565 | $339 |
| Lease-up fee, one month's rent + HST (mandate: less the setup fee) | $1,921 | $2,486 |
| Management, 12 months | $0 | $2,020 |
| Year one | $2,486 | $4,845 |
| Every year after, same resident | $0 | $2,020 |
| Who collects rent, handles repairs and the LTB | You | KEILTY |
Both columns are invoiced to you. KEILTY does not hold your resident's deposit under either service. Full management: $149 + HST per unit per month and a one-time $300 + HST onboarding fee. HST at 13%. Maintenance coordination is 10% of any invoice we arrange, and a lease renewal we handle for a management client is 25% of one month's rent. Your own numbers are confirmed in writing before you sign.
Ontario allows a landlord to collect exactly two things at move-in: a rent deposit equal to one month's rent, which must be applied to the last month of the tenancy, and a key deposit at the cost of replacing the keys. Security deposits and damage deposits are not legal here. Here is the sequence.
| Setup fee, invoiced at signing | $565 |
| Completion fee, invoiced at day 14 | $1,921 |
| Total paid to KEILTY | $2,486 |
| Resident's rent deposit, paid to you and held by you | $2,200 |
To be frank. The lease-up mandate is the cheaper number, and it is not close. What the difference buys is the other twelve months: the arrears conversation, the furnace at eleven at night, the notice that has to be served correctly the first time, the rent increase, the renewal. If you already handle all of that, and handle it well, then pay us for the two weeks you would rather not do and keep the rest of your money. If you would rather never handle it again, full management is what that costs, and every fee is published on our single-family management page.
Still weighing it up? Run your own numbers with the management vs self-management calculator, or see what your property should rent for with the rental income calculator.
Yes, a short one. The lease-up mandate is a Property Management Agreement with a fixed term that ends 14 days after your resident moves in. There is no monthly fee and nothing to cancel afterward, because it has already ended.
$500 + HST when we sign, which covers onboarding, the pricing report and professional photography. When the mandate ends, 14 days after move-in, we invoice the completion fee: one month's rent + HST less the $500 + HST you already paid. A completed lease-up costs one month's rent + HST in total.
If the mandate ends without an approved resident, the setup fee is all you have spent. In practice, if a property is not attracting the right applicants it is almost always price, and we will tell you that early rather than let it sit.
Photos and the listing go live within three days of the unit being photo-ready, and showings start between day three and day five. How long it takes from there depends on price, season and the property itself. We will give you a realistic read at the start rather than an optimistic one.
You do. We present the completed screening file and the final approval is always yours. We will tell you plainly if an applicant carries risk, and we do not sign anyone into your property without your approval.
Credit history, employment and income verification, previous landlord references and identity: the same standard we apply for our full-management owners. There is no lighter version for lease-up clients.
You do, from the day it is paid. Your resident pays it directly to you before keys move, and KEILTY never holds it. It is applied to their last month whenever the tenancy ends, and you owe them annual interest on it at the guideline rate, 2.1% for 2026, on each anniversary.
Directly to you, starting with the first month on the first day of the tenancy. We give your resident whatever payment instructions you want used: e-transfer, cheque, your own portal, or we pass along your pre-authorized debit forms so the monthly payments are already set up when they take possession.
Yes. Starting with a lease-up mandate does not close the door on management, and we can take on a tenancy we started. Ask and we will put a quote in writing before you commit to anything. Every management fee is published on our single-family page.
No. KEILTY Realty Management Inc. is a property management firm, not a registered real estate brokerage. We lease your property as your property manager under a written Property Management Agreement, the same footing as every property in our managed portfolio. We do not list on MLS or Realtor.ca: renters do not look there, so we market where they do.
Free rental evaluation with a rent range for your property and a written lease-up quote, with a call from A.J. Keilty within 20 minutes in business hours. Ask for the lease-up mandate and that is exactly what you will be quoted.
No obligation. Prepared by a local property manager.
A call within 20 minutes in business hours, the written evaluation within 24 hours of that call. We never share your information.
Call 613-545-3322 or email Hello@KEILTY.com and we will tell you what your property should rent for and what a lease-up would cost.
Call 613-545-3322KEILTY Realty Management Inc. is a property management firm, not a registered real estate brokerage. We lease and manage rental property as the owner's property manager under a written management agreement.
Ontario property management with published pricing, same-day answers, and no surprises. Since 2003.
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