Exceptions to Ontario's Residential Rent Control

 Exceptions to Ontario's Residential Rent Control: New Buildings, Additions to Buildings, most new basement apartments, New spaces in existing homes & units being used for residential purposes for the 1st time after November 15, 2018 #investmentproperty #landlords #rentalproperty

Rent Increase for 2022 is 1.2% for Rental Properties in Ontario Canada

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