Alberta doesn’t have standard leases or residential tenancy agreement forms. This means that the landlord and the tenant can make up their own agreements, or they can use forms available from organizations across Alberta that develop them. Landlords and tenants should make sure that they are using an agreement that has been developed for Alberta, as each province has different renting laws.
Prior to moving in, the tenant and the landlord should walk through the premises and write down any existing damage. This written account is called an inspection report. The landlord and tenant should both get a copy of this report. In some jurisdictions, an inspection report is also required upon moving out, as a condition for the landlord to make a claim against the tenant's security deposit.
Other details may include what happens if rent is late. Will a late payment fee or interest rate apply? For example, if the monthly rent of $500 is due on the first of the month, what happens if the rent is not paid until the 15th of the month? You can use a Late Rent Notice to ensure rent payment is made. Learn more about late rent fees from Nolo.
Lease Term – This is the length of the lease. Most long term lease arrangements are at least 1 year but some terms can be month to month. As a landlord, it is important to have any lease term end in a seasonally beneficial time period so if the tenant does not renew, you can find a replacement relatively quickly. The best month to have your lease renew is during the typical moving months of June, July and August. If you fail to renew the lease, most state rental laws say that the contract then goes month to month.
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