NEW ONTARIO STANDARD LEASE AGREEMENT - 2018
Thursday May 17th, 2018Share
Starting April 30, 2018, landlords of most private residential rental units – from individual landlords to property management companies – must use the the standard lease template for all new leases.
Landlord and tenant rights and responsibilities remain the same under the Residential Tenancies Act, 2006 (RTA).
- landlords and renters understand their rights and responsibilities
- reduce illegal terms in leases and misunderstandings caused by verbal tenancy agreements
- reduce the need for Landlord and Tenant Board hearings to resolve disputes
The standard lease will apply to most residential tenancies in Ontario, including:
- single and semi-detached houses
- apartment buildings
- secondary units (for example, basement apartments)
A standard lease is not required for tenancies that have special rules or partial exemptions under the RTA, including:
- care homes (for example, retirement homes)
- mobile home parks and land lease communities
- social and supportive housing exempt from the rent rules under the RTA (for example, housing subject to operating agreements under certain programs or where the tenant receives publicly funded rent-geared-to-income assistance)
Whether you are a Landlord or Tenant, contact us today to help you locate your next tenant or home!