There will certainly be a requirement to show a driver's license, and only those drivers appearing on the contract may be authorized to drive. It may include an option to purchase auto insurance (motor insurance, UK), if the renter does not already have a policy to cover rentals—another important consideration for multiple drivers. Some agencies may even require a bond payable if the car is not returned in order, often held in the form of a credit-card authorization—voided if the car is returned per agreement. A renter should be advised that he or she will be responsible for any parking or traffic violations incurred upon the vehicle during the rental period. There should also be advice on handling thefts, accidents, break-downs, and towing.
If the Tenant tenders a cheque, which is dishonored by a banking institution, then the Tenant shall only tender cash or cashier's cheque for all future payments. This shall continue until such time as written consent is obtained from the Landlord. In addition, the Tenant shall be liable in the sum of $50 for each cheque that is returned to the Landlord because the cheque has been dishonored.
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.
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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.
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.
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While technically considered an occupant, pets are not a landlord’s best friend. Even if they are allowed on the property, the landlord should state exactly which types are allowed so that an “organic” tenant doesn’t have farm animals on the premises. Furthermore, it’s recommended that the landlord place a maximum weight the animal may be for liability (dangerous dogs tend to be larger) and damage to the premises.
Landlord acknowledges that Tenant has a right to allow guests at the Property from time to time. Thus, Tenant may allow guests into the Property for up to fourteen (14) consecutive days without requiring written consent from the Landlord. Guests residing at the Property for longer than fourteen (14) days may only do so with prior written consent from the Landlord.
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Typically when a tenant agrees to a fixed term tenancy, usually for either 6 months or 1 year, the tenant is agreeing to be responsible for the rent for that period of time. If the tenant vacates the premises prior to the end of the term of the agreement, the tenant will typically still be responsible for payment of rent for the entire length of the lease (provided the tenancy is not in a jurisdiction that allows the tenant to give notice to prematurely end a fixed term tenancy). Typically, if the Landlord is able to re-rent the premises prior to the end of the lease of the breaching tenant, the breaching tenant is no longer required to pay rent as the landlord cannot collect double rent for the premises.
In addition to sections that must be completed setting out the relevant lease terms, the Standard Lease contains an appendix containing general information (the “General Information Appendix”) for landlords and renters on rights, responsibilities and unenforceable tenancy conditions. Items that are summarized in the General Information Appendix include, among others, material relating to illegal charges, pets, smoking, and rules governing the ending of a tenancy and evictions.
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A rental agreement can be written, verbal or implied. Since the rental agreement is the most important part of a landlord and tenant relationship, it should be in writing. The advantage of a written agreement is that it outlines the terms and conditions agreed to by both parties. Once the landlord and tenant agree to the terms and conditions of their contract, it cannot be changed unless both parties agree.
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The expiry of the lease does not necessarily terminate the rental arrangement. If a "Periodic" term is selected, the lease will automatically renew based on the same terms as the first lease, unless it is varied by giving proper notice as required by statute. So a "Periodic monthly lease" that continues for one year is actually 12 separate, automatically renewing leases. The lease will continue to renew automatically until one of the parties wishes to terminate the lease (by giving proper notice as required by statute).