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Tuesday, March 6, 2018

New Standard Residential Lease coming into affect April 30, 2018

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).

Purpose of the standard lease
The standard lease uses easy-to-understand language to help:

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
Who must use the standard lease?

The standard lease will apply to most residential tenancies in Ontario, including:

single and semi-detached houses
apartment buildings
condominiums
secondary units (for example, basement apartments)

Form Available: http://www.forms.ssb.gov.on.ca/mbs/ssb/forms/ssbforms.nsf/FormDetail?OpenForm&ACT=RDR&TAB=PROFILE&SRCH=&ENV=WWE&TIT=2229E&NO=047-2229E

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