📣 15 days remaining to include rental debt owed to you in Openroom's Jan 15th 2025 send to Equifax

Get started

The Openroom Rental Debt Ledger

It’s time to hold people accountable when they don’t pay the lawful rent owing.

Get started

How does the Rental Debt Ledger work?

A one time payment of $88 per court order that helps you:

drawer

Track Interest

Every cent counts when you are owed rental debt. Let us worry about the math.

drawer

Report to Equifax

On the 15th of every month, we send the entire outstanding amount to Equifax.

drawer

Record Payments

When tenants pay back rent, record it into the ledger to stay on up to date.

drawer

See Transactions

Monitor the ledger transactions, dates, and amounts to follow along.

  1. 1

    $135M+ Non-Payment of Rent, per Openroom

    Based on the Landlord and Tenant Board Orders inside Openroom today, there is an outstanding $135 Million of unpaid rent.
  2. 2

    $16,000 average loss, growing by 27% year over year

    If a landlord ends up with a tenant who does not pay rent, it is an average loss of $16,000. Since 2021, this grew 27% year of year.
  3. 3

    $35K in rental arrears and 7 LTB orders later

    I was 30 weeks pregnant, I went to the Tribunal Hearings and finally got the order to evict. It was a near 2 year dispute that was mentally exhausting.
  4. 4

    Looping in Equifax

    My team asked Equifax how we can get the non-payment of rent onto a tenant's file so it can negatively impact their score and credit history.
  5. 5

    Beta Testing Phase

    Hundreds of housing providers tested with us to help us ensure our experience reflects what we all need in the rental ecosystem.
  6. 6

    The birth of Rental Debt Ledger

    You are now experiencing over a year's work of testing with Equifax and the Openroom community. Are you ready?
perched weiting

The situation

Step 1: Create an Openroom account

O

Signing up takes less than 1 minute

You'll be able to come back at any time to see the progress of your Rental Debt Ledger application.

Get started
feature 1

Step 2: Tell us about the rental debt

O

You gather the documents

You share information with Openroom so we can verify the authenticity of who you are, the rental agreement, the court order, and the amounts owing. After that, we'll do a review.

Get started
feature 1

Step 3: We'll do a review

O

We check the authenticity of documents within 48 hours

Our Nika Bot does a first pass of the information you've supplied to us. The Tenant only receives a notification email once we have verified this is a legitimate rental debt application.

Get started
feature 1

Step 4: You follow the progress

O

Review each transaction

We'll show you exactly how we arrived at the balance amount across the arrears, interest, and payments.

Get started
feature 1
O

Record the payments

Hitting someone's credit score is serious and it better be accurate. You'll need to let us know when payments are made.

Get started
feature 1

Step 5: How it looks

O

When Openroom hits the Equifax credit report for unpaid rent, 5 distinct attributes are shown.

  • It's under the COLLECTIONS section.
  • It says OPENROOM.CA RENTDEBT.
  • It says the Landlord's name.
  • It says the amount owing.
  • It indicates it is UNPAID.
Learn more
feature 1
O

Try the Rental Debt Ledger

Get started for $88 one time fee.

No surprises, we promise.

Still Unsure? Chat with the Co-Founders

Frequently Asked Questions (FAQ)