Rental Agreements - What You Should
Know Before you Sign a Lease
When
you rent a home or apartment in Canada, the landlord will usually
ask
you to sign a written rental agreement. This legal contract is also
often
called a "lease."
Under
the laws of each province and territory, tenants and landlords have
certain
rights and responsibilities whether they have a written agreement
or
not. Nevertheless, a written lease agreement can help spell out all
the
terms you and your landlord want to have covered and agreed to. You
may
also wish to seek legal advice before accepting the terms.
To
help you know what to expect, Canada Mortgage and Housing Corporation
(CMHC)
offers the following list of terms that can be found in most
rental
agreements:
-
The names of the landlord and tenant(s).
-
The address of the home or apartment you are renting.
-
The monthly rent you agreed to pay, with or without utilities, parking,
cable television or other
services.
-
The date when the rent is due (for example, on the first day of each
month).
-
The amount and terms of any rent, security or damage deposits you
agreed
to pay.
-
A list of which repairs or upkeep will be your responsibility.
-
The term of rental period (most rental agreements are usually for one
year, but some may be
month-to-month or week-to-week).
-
The conditions for ending or canceling your lease, including financial
implications and the amount of
advance notice you must give the landlord
if you decide to move out (for
example, 60 days notice).
-
The rules or restrictions for subletting the property.
-
The amount the landlord is allowed to increase the rent in the future.
-
Any other specific restrictions (such as whether or not you can smoke in
the home and whether you can
have boarders, pets or a waterbed, etc.).
-
Details on when and how the landlord can enter your home or apartment.
-
The procedure for making changes to the contract.
-
A method for resolving any disputes or disagreements (for example,
disputes about late rent
payments, damage to the property or eviction).
-
Contact information for both you and your landlord in case of an
emergency (usually including a
phone number, fax and email).
For
more information or a free copy of CMHC’s Guide to Renting a Home or
other information on owning, maintaining or renovating your home, call
CMHC
at 1-800-668-2642 or visit our website at www.cmhc.ca. For more than 60
years, Canada Mortgage and Housing Corporation (CMHC) has been Canada’s
national housing agency and a source of objective, reliable housing
expertise.
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