Lease agreements – a must for every landlord
Canada Landlords are protected under the Residential Tenancies Act of 2006
, but this Act also provides certain rights for tenants too. Every Canadian landlord has an obligation to keep the rental property in a good state of repair and ensure that it remains habitable and safe. They do not however have to redecorate to suit their tenants taste or provide winter snow clearance. To protect themselves and their rental property from difficult tenants, every landlord should enter into a written tenancy agreement with the tenant. The tenancy agreement or lease details how long the rental will last, the rental fee and when it is payable and any other obligations that the landlord wishes to place on the new tenant for example banning pets or asking that the property be cleaned for a monthly inspection. Lease agreements are legally binding and can be used in disputes to prove that a tenant was asked to comply with a specific issue. There are different types of lease agreements with the fixed term agreement being the most popular. A fixed term lease usually lasts for one year and details the start and end date of the rental period. The lease can be renewed on an annual basis if the tenant wants to carry on living in the rental property. The lease can even be extended on a month by month basis if the landlord wishes. Interesting is the fact that the tenant does not have to sign a new lease in order to extend the old fixed term agreement, although if the tenant plans on staying for another year it is probably safer to do so. Either the landlord or tenant may wish to prematurely end the rental agreement and providing both parties are in mutual agreement then this should be done in writing once this is done the tenant loses any rights to the security of tenancy, which means that the landlord can give the tenant a date to vacate the property and because the tenant no longer has rights of security of tenancy, they must comply. Ending a lease is not always possible via mutual consent. Most landlords have instances where they wish to make changes to the lease and as long as the landlords reasons can be proved to be for cause, the landlord will not be in violation of the law. Examples of a lease termination for cause would be when the tenant hasnt paid their rent either in full or on time or when the tenant causes wilful damage to the contents or property. Obviously on such occasions the landlord must first give warning to the tenant that their actions are unacceptable. The tenant must also be given a fixed grace period to rectify the problem. In addition to for cause terminations, the landlord can end the lease agreement by using the no fault clause. This clause allows for unforeseen events to dictate the termination of the lease such as when major construction and or remodelling work is planned or needed or the landlord has found a buyer for the property. Landlords must act cautiously at all times when ending the agreement without mutual consent. Fines of up to $25,000 are payable by landlords who are found in breach of the Residential Tenancies Act. For more free legal advice visit the
Legal Canada Community website Lease agreements a must for every landlord
By: Libby Andrews
Himfr.com Reports E-book Reader Next Five Years, Shipments Will Grow 78.2% Himfr.com Reports Atmel Introduced The Most Secure Battery-management Solutions 2 Bedroom flats Multistory apartments for sale in Faridabad Self Catering Apartments - Do it on Your Own Permanent Residents in Canada Need Valid PR Card to Travel Abroad Public Relations as a Management Tool Dating Tips For Men - Use These Dating Tips To Get More Success With Women How to Get a US Visa Appointment Arts-and-Entertainment - Tattoos Barcode Printers Continue to Improve by Getting Faster and Easier to Management Menstruation Disorders -Irregular Period Causes by Spleen Qi Deficinecy In TCM Perspective Medical Requirements for Entering Canada London Holiday Apartments - A Great Place to Stay in the City