The American Rule, correctly, actually states that:'Parties shall generally bear the costs of litigation, but may contract out of it or rely on statutes to impose costs'.Bottom line is, that is false and incorrect information.

No smart landlord that I know takes any unnecessary chances in a pro tenant nanny state like Ontario.

-Prepayment penalty can only be imposed in first 5 years of mortgage.

I felt about 80% of the claims I worked on were created in the insured transaction and the problem was either known by or should have been known by the agent, resulting in an unnecessary concern by the Insured whether they have clear ownership of the property and delay in their sale or refinance of the property.

People can sue for anything now a days (and typically will) but at least forming an LLC can buffer unnecessary personal losses.  

I am intimately familiar with his/her history and with the functional limitations imposed by his/her disability.

Limiting unnecessary risk with bad tenants in the early stages of my investing is important to me.Property Management that I found in this area listed “one month’s rent and 12%” as there price.

For those of us who don't need one though, do not use them -- it is money wasted on an unnecessary middleman.

This tells me that you wasted unnecessary time on this applicant.As a former property manager, I learned that having strict criteria was great for not only avoiding any fair housing issues, but it also allowed me to easily and quickly reject bad applicants.It's perfectly legal to have as one of your criteria that all tenants have tax returns showing they can afford the unit. 

@Kimberly Kesterke charge for unnecessary trips.