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Security Deposit – This is the mount of deposit the landlord collects upfront before the renter moves in. The security deposit is usually 1 to 2 times the amount of the monthly rent and is returned to the tenant at the end of the lease term if nothing has been broken or damaged. Take a look at your local state laws as some states put a cap on the amount of security a landlord collect.
Assignments and subleases both occur when the tenant gives his/her rights under the lease to a third party. A sublease or an assignment typically requires the consent of the landlord. An assignment occurs when the tenant gives to a third party all of his or her remaining rights under a lease for the entire term of the lease. If a tenant assigns property and the landlord consents to the assignment, that tenant no longer has any rights to the property nor any obligations to the landlord. In a sublease the tenant can transfer a portion of the leased space (e.g. a room in a house) or a portion of the tenancy (e.g. for 5 of the remaining 6 months of the lease) to a third party. The original tenant retains whatever rights under the lease he or she has that were not transferred to the third party, and also retains most of his or her obligations under the lease. Typically, the original tenant can still sue and be sued by the landlord for lease violations.
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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.
A lease agreement is beneficial for many reasons. It clarifies the obligations of both parties during a residential tenancy so each person knows what is expected of them during the rental relationship. For example, the tenant may be responsible for paying rent on the first of every month, while the landlord is expected to keep the property in good condition.
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A rental agreement is extremely important for any landlord wanting to rent their property. Even if you are renting to a friend or family member, or just for a short time, a residential lease agreement can help save you from a lot of problems if (when) things don't work out. A rental contract should outline all your expectations for the renter, and it helps keep both the renter AND the landlord responsible and accountable for their part of the agreement.
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If the landlord owns personal property (furniture, appliances, decorations, etc.) that is located at the premises and available for tenant's use, the landlord should keep a record of that personal property, so there is no question about it when the term expires. Such items can be listed in the blank provided in this section, or can be listed in a separate document that is attached to the rental agreement as Exhibit A. If an exhibit is used, insert the following into the blank: "see list of landlord's personal property attached hereto as Exhibit A". It might also be a good idea to take pictures and/or video of such personal property prior to delivering possession of the premises to tenant. Pictures and/or video also allow the landlord to document the condition of the premises prior to delivering possession, and when the premises are returned to landlord at the end of the term.


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.

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The information in this pamphlet is intended as a guide for landlords and tenants under the Rental of Residential Property Act. Further information can be obtained at the Office of the Director of Residential Rental Property on the 5th Floor, National Bank Tower, 134 Kent Street, Charlottetown. Copies of the Act and forms can also be obtained at any Access PEI office or online at www.irac.pe.ca/rental. Our telephone number is (902) 892-3501 or 1-800-501-6268.
Otherwise known as the “landlord” and “tenant”, decide who will be named in the lease. This is an important question that is asked to tenants that will be living together such as those in a romantic relationship. A general rule is if the rent can only be supported by both persons’ incomes, then it’s advised that both individuals are named as tenants.
A landlord is required to deliver the dwelling in "good habitable condition" and the tenant is required to leave the dwelling  in "good habitable condition." In between, it is the landlord's responsibility to maintain upkeep. Request repairs to the super/janitor, where applicable, and, if needed, then follow up with the landlord. If there are neglect disputes, especially regarding urgent repairs follow up with the Regie.
Additional occupants: The agreement may include a term restricting the number of occupants in a rental unit or requiring the landlord’s permission before additional occupants can live in the rental unit.  If additional occupants are added, a landlord can only increase the rent if the tenancy agreement includes a term allowing the rent to vary based on the number of occupants or the parties all agree to sign a new tenancy agreement.  
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From the Landlord's perspective, there doesn't appear to be many disadvantages to this type of lease other than the Landlord will not receive an immediate cash sale on the property. Also, if the real estate market is rising, the Landlord could possibly lose out on the appreciated value of their property if they have specified a specific purchase price of the property. Consequently, it may be safer for the Landlord to make the purchase price equal to the market value of the property at the time the option is exercised.
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A lease is a contract. When you sign a lease, you have responsibilities toward your landlord under this contract. Quebec law lets you end your lease if your safety or the safety of a child living with you is threatened by spousal or sexual violence. This law also applies to same-sex couples.   Spousal or sexual violence Spousal violence is violent behaviour coming from a spouse or former spouse...
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