Your tenancy agreement is a very important document. It outlines the contractual obligations between you and your tenant. It is absolutely paramount that your tenants understand what you expect from them and what they can expect from you. Within an inventory, your tenancy agreement can be used as a negotiation tool at the end of the tenancy. This can help avoid any disputes over the deposit money. The agreement should always be submitted as evidence in the event of a formal dispute. The agreement should include the basics, which may seem obvious, but just for clarity, it should include rent payments, the amount that is due, when that amount is due, as well as the payment dates. Details on deposit protection should also be included. Additionally, the agreement should have a clause that sets out the circumstances in which the landlord may make deductions from the deposit. It should also include information on how and when the rent will be reviewed, as well as the landlord and tenant obligations. For example, it should specify who is responsible for repairs and which bills the tenants are responsible for. Rules on subletting, as well as any end of tenancy requirements and notice periods, should also be included. Consider including a provision on whether the tenancy can be terminated early and how this can be done. If necessary, other clauses may be included, such as making the tenant aware that smoking is not permitted in the property. It is also important to address any nuisances that may impact the property. Additionally, specify whether pets are allowed and any associated responsibilities for garden maintenance, if applicable. If the landlord or agent wishes to charge any administration fees, it is important to be aware that these fees must be reasonable and justified to be considered...
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Sample residential tenancy agreement Form: What You Should Know
Residential Tenancies Act, 1991, Regulation 27 — O. Reg. 89/92, SS. 28, 29. (2) Each party to this tenancy agreement is responsible for the payment of the rent and any charges under the tenancy for the tenancy. (3) Both parties agree that, in the event of a breakdown of the tenancy, the other party has the right to claim the rent from the tenant. Non-Compete or Restrictive covenants, oral (4) The landlord and tenant agree that the landlord and tenant must (i) not (a) enter into a new non-compete or restricted covenant with any person, organization or company; and (b) enforce any such non-compete or restricted covenant to the exclusion of any person, organization or company; (ii) comply with certain obligations relating to the use, operation and maintenance of all units in the building as listed in the management plan; and (iii) not abandon or fail to maintain, and dispose of, any units in the building, after full payment for the entire lease term. (5) (i) A non-compete or restricted covenants does not apply to tenants who enter into a new non-compete or restricted covenant before the tenancy commences, or after the tenancy commences, with any person unless the tenant is (a) the spouse of the owner or his or her agent, (b) the spouse of an existing tenant who has entered into one of the parties to a fixed term tenancy agreement, or (c) an owner within the meaning of the Landlord and Tenant Board Act. OR (ii) A non-compete or restricted covenants does not apply to tenants who enter into a new non-compete or restricted covenant before the tenancy commences, or after the tenancy commences, with any person unless the tenant is (a) the spouse of the owner or his or with his or her agent, (b) the spouse of an existing tenant who has entered into one of the parties to a fixed term tenancy agreement, or (c) an owner within the meaning of the Landlord and Tenant Board Act.
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