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This lease agreement template provides for a one year term, which is the most common, however the term can be longer or shorter as agreed upon by the parties. In the first blank, insert the date on which the rental term will begin. This is the date on which the tenant can take possession and begin to occupy the premises, and the date on which rent will commence. Ideally, the term will begin on the first day of a calendar month (this approach makes the accounting and record keeping easier), but it doesn't need to. In the second blank, insert the date on which the rental term will expire. For a one year term, this will be the day before the anniversary of the start date, for example: beginning on February 1, 2017, and ending on January 31, 2018.
The Parties will use reasonable efforts to maintain the Property in such a condition as to prevent the accumulation of moisture and the growth of mold. The Tenant will promptly notify the Landlord in writing of any moisture accumulation that occurs or of any visible evidence of mold discovered by the Tenant. The Landlord will promptly respond to any such written notices from the Tenant.
Whether subletting or assigning, the candidate should have a good credit history and be earning a steady income. Note that with assignment, if the landlord does not allow you to assign the rental unit, or doesn’t reply within seven days of your request to assign it, the tenant board says you are allowed to end the tenancy by giving notice to the landlord no later than 30 days after your assignment request was made.
Any waiver by the Landlord of any failure by the Tenant to perform or observe the provisions of this Lease will not operate as a waiver of the Landlord's rights under this Lease in respect of any subsequent defaults, breaches or non-performance and will not defeat or affect in any way the Landlord's rights in respect of any subsequent default or breach.
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“Just pay what you think is fair,” or a number written on the back of a napkin is not an option. This document should explicitly list the monthly rental amount. If you are unsure of what the going rate is for a place, check out Zillow. You can also include the terms of whether the rent may be subjected to changes in future, using a Notice of Rent Increase.
As of April 30, 2018, landlords of residential rental property in Ontario will be obligated to use a new government-issued standard lease template (the “Standard Lease”) for all new residential leases. Requirements relating to the Standard Lease are contained in new Section 12.1 of the Residential Tenancies Act, 2006 (the “RTA”) and related regulations.
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The Standard Lease applies to most residential tenancies in Ontario, including leases of condominiums, single-family homes and units in apartment buildings. The Standard Lease does not apply to commercial properties, residential sub-tenancies, as well as tenancies involving student residences, retirement homes, land lease communities and other property types that are exempt from the RTA. However, the Ontario government announced that it is also working on standard form leases for some of the foregoing exempt classes of residential tenancies. There is no estimated publication date for these additional standard lease forms.
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Please note: in some jurisdictions, a landlord is not allowed to ask for a security deposit. In other jurisdictions, a landlord may require both a security deposit and other types of deposits (for example, a pet damage deposit). You should review the governing legislation for the location of the property to make sure the type of deposit is allowable.
A: In the event the Tenant defaults by failing to pay rent, the Landlord may give written notice to the Tenant to terminate the agreement. The Landlord must give the Tenant adequate warning in writing a certain number of days number of days before terminating the agreement. The notice period can vary by state so we recommend you check your local laws. Read these guidelines if you aren’t sure what to do when a Tenant is late paying the rent.
The Ontario government is requiring all landlords to use a standard lease template for all new leases beginning April 30, 2018. Lawyers are encouraged to make themselves familiar with the terms of this new lease so they can advise clients of their obligations and rights under the new lease. The information below is taken from the Government of Ontario website at https://www.ontario.ca/page/renting-ontario-your-rights. The official page containing the standard lease template is at http://www.mah.gov.on.ca/Page18704.aspx.
A Residential Lease Agreement is a lease agreement that is specific to residential rental properties and is used to outline the terms and conditions of a tenancy, including the rights and obligations of the landlord and tenant. It can be used for various types of residential properties, including apartments, houses, condos, duplexes, townhouses, and more.
Tenancy Agreements: A tenancy agreement is a contract between a landlord and tenant that outlines the terms of the tenancy – it’s an important legal document. These tenancy agreement templates accurately reflect the Residential Tenancy Act and the Manufactured Home Park Tenancy Act, as well as any accompanying regulations. The Residential Tenancy Branch (RTB) does not provide warranties on these templates.
The Tenant acknowledges that the Landlord’s property insurance does not cover the Tenant’s personal property. The Landlord accepts no liability for damage or loss to the Tenant’s personal property for any reason. The Tenant acknlowledges their responsibility to obtain appropriate Renters’ Insurance to protect the value of their personal belongings.
It is acknowledged that the Landlord is not liable for these occurrences. It is acknowledged that the Tenants’ insurance policy shall solely indemnify the Tenant for any losses sustained. Tenants’ failure to maintain said policy shall be a complete waiver of the Tenants’ right to seek damages against the Landlord for the above stated losses. The parties acknowledge that the premises are not to be considered a security building which would hold the Landlord to a higher degree of care.
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Move-in Checklist (Inspection) – Required in Arizona, Georgia, Hawaii, Kansas, Maryland, Massachusetts, Michigan, Montana, Nevada, New Hampshire, North Dakota, Utah, Virginia, Washington, and Wisconsin. Without this checklist completed, the tenant will have no evidence to support that any damage present at the end of the term was not the fault of the tenant.