Ontario Condominium Rental Agreement

For condominiums and dwellings, the relationship between landlords and tenants is governed by the Residential Tenancy Act 2006, which deals with issues such as the responsibilities of both parties, rent increases, deposits, termination of occupancy, unit maintenance standards, etc. The legislation covers the issues. Such as maintenance and repairs, leases, rent, entry into a rental unit and termination of a lease. In 2017, Ontario passed the Rental Fairness Act, 2017, which amends the Residential Tenancies Act. Rent control now applies to all private rental units, including those first inhabited on or after 1 November 1991. With the new standard rental agreement form, there is a section describing the rental unit. This section contains a question about whether or not the rental unit is a condominium and states that “if so, the tenant agrees to abide by the condominium declaration, articles and rules as provided by the lessor.” While the Condominium Act of 1998 requires landlords to provide this information to tenants, too often landlords would not do so, either because they were unaware of the obligation or because they could not be harassed. With this requirement, clearly set out in the standard rental form, landlords are aware of this obligation and tenants will be aware of the obligation to respect. I hope this will result in far fewer litigation and enforcement issues between condominium corporations, landlords and tenants. Why engage in an owner`s problems? Let our team of rental experts simplify the entire process for you. Contact our team today at 647-952-3644 or by email at sales@delrentals.com As of November 1, 2017, homeowners are now required to provide homeowners with insurance information, including non-life insurance for major risks such as fire. Some rules could include rental terms that avoid short-term rentals, for example. B a minimum number of months for a lease.

This prevents owners from converting their units into a holiday apartment or homestay…