Lead-Based Paint Disclosure – Form required under Federal Law for all residences constructed prior to 1978. Before 1978, it was common for lead-based paint to be used in the interior of homes. Since then it has been found that lead does not promote brain function and is especially harmful to minor children. If at any time there is chipping or the peeling of lead-paint, it is imperative that the landlord remediate the property as soon as possible.
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...
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.
4. Is the apartment in bad shape? A tenant may be able to get out of a lease if the apartment is in a sub-standard state and repeated attempts to have repairs made have been ignored. Sub-standard could mean poor maintenance of the building and/or unit, public health concerns like water and mould, or harassment of a tenant by a landlord. In this case, as long as you have proof, the tenant board can order an end to the tenancy because “the landlord has not met their obligations.”
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Landlords have the right to collect a Security Deposit from their Tenants. Security Deposits are usually paid up front at the beginning of the lease. The Tenant promises that they will treat the Landlord’s home like their own. The Landlord promises that they will return the Security Deposit if the Tenant does not damage the Premises. For more information about Security Deposits, please read this Wikipedia article.
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.
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From the tenant's perspective, the advantage to this kind of lease is that they don't have to pay the purchase price up front. If the Tenant cannot qualify for a loan, then they have the option of purchasing the property at a later date when their finances are more secure. In addition, the purchase price may be fixed, so the tenant does not have to worry if the real estate market fluctuates.
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The New Form is part of the Ontario government's effort to reduce inconsistency among residential leases and the number of misunderstandings caused by verbal tenancy agreements. It uses easy-to-read language to help the parties understand not only what the lease agreement covers, but also what it does not, and cannot, cover. By April 30, 2018, a guide to the New Form will be available in 23 languages.
Negotiating a lease agreement is determined by a multitude of factors starting with market conditions and how the property is priced versus other rentals in the area. The landlord’s goal is to collect as much rent each month as possible while mitigating their risk. If the applicant can represent that they would be a stable tenant, the landlord may give them a discount on the monthly rental amount along with including utilities or services.
Currently, there is no mandatory standard form of lease for landlords/property managers and tenants in Ontario. From April 30, 2018, however, the New Form will be required for most new private market residential tenancies. Although the New Form will allow for additional terms, landlords/property managers should ensure that these terms do not alter the New Form in any way or contravene the Act. If they do, landlords/property managers will be unable to enforce them.
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.