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TORONTO, April 29, 2025 (GLOBE NEWSWIRE) -- Enviro-Serv Inc. (OTC: EVSV) ("EVSV" or the "Company"), a dynamic service-based organization, is pleased to announce the launch of its new real estate rental management services division, initially targeting the growing Ontario, Canada market, with a phased rollout planned across North America over the next two fiscal years.
This strategic service expansion is designed to unlock new revenue streams, meet rising rental management demands, and drive long-term shareholder value.
Introducing EVSV's Rental Management Support Solutions
EVSV’s newly introduced services are designed to support property owners, landlords, and real estate investors with critical, legally compliant resources, including:
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Lease Agreements & Move-In Packages:
Complete lease documentation packages, including Ontario Standard Lease forms, custom Schedule A agreements, payment schedules, and move-in inspections. -
Tenant Communication Letters:
Pre-drafted, legally sound notices for rent arrears, maintenance access, behavioral issues, and other landlord-tenant matters — built to be enforceable before the Landlord and Tenant Board (LTB). -
N12 and N13 Notices for End-of-Tenancy:
Formalized documents for owner move-in or property sale-related tenant terminations, ensuring full regulatory compliance. -
Small Claims Court Assistance:
Comprehensive preparation services for small claims actions, helping landlords recover damages and rental arrears efficiently.
Initial Focus: Ontario, Canada
EVSV will initially offer these services throughout Ontario, where a tightening rental market and evolving provincial regulations have significantly increased demand for professionalized property management support.
The Company will adhere to all applicable provincial laws and regulations in Canada and plans to extend full compliance measures to U.S. state-specific requirements as it scales across North America.
Over the next 24 months, EVSV anticipates strategic expansions into key U.S. states, including Florida, Texas, and New York, targeting markets with high rental occupancy and robust landlord-tenant activity.
A Growing Market Opportunity
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The Canadian property management services market surpassed $5.1 billion CAD in 2024 and is projected to grow steadily as regulatory complexities increase.
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In the United States, the property management industry is valued at $114 billion USD (IBISWorld 2025 report), driven by demand for third-party rental management, regulatory compliance, and eviction-related support.
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With over 40% of North American households in rental units and growing landlord reliance on specialized services, EVSV believes its entry into this space represents a high-margin, scalable revenue opportunity.