If you’re a renter or a landlord in Brampton, you know how important paperwork is, especially when it comes to a housing agreement.
If you’re a renter or a landlord in Brampton, you know how important paperwork is, especially when it comes to a housing agreement. Now, a new form has been introduced that could make the leasing process a little easier.
The province recently introduced an “easy-to-understand” standard lease that aims to protect renters and tenants. This is especially important because there is currently no standardized form for rental agreements between landlords and tenants across Ontario, according to the province.
The form will be mandatory for private residential leases signed on or after April 30, 2018, including tenancies in single and semi-detached houses, apartment buildings, rented condominiums and secondary units (i.e. basement apartments).
Basically, it’s a template that records such basic information as names and addresses, total rent and when it’s due, and any rules or terms about the rental unit or building itself.
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What’s more – it’s an outline of sorts for all parties in the agreement. The standardized form outlines both tenants’ and landlords’ rights and responsibilities, and explains what can and can’t be included in a lease.
“For example, landlords cannot ban guests or pets,” the province elaborated in a recent statement.
According to the province, the new lease form has been created in response to demand.
“Renters told us that their leases were often confusing and contained illegal terms,” said Peter Milczyn, Minister of Housing and Minister Responsible for the Poverty Reduction Strategy. “Landlords, especially smaller ones, say a standard template makes it easier for them to do business. The new form we developed helps balance the interests and responsibilities of both parties.”
Some housing types are exempt from having to complete this form, such as most social and supportive housing, retirement and nursing homes, mobile home parks and land lease communities, or commercial properties.
Since those properties have unique needs, the province is planning to create a separate standard lease for them.
According to the province, there are approximately 1.25 million private rental tenancies in Ontario with an estimated monthly turnover of 19,000 units per month.
A standard lease guide will be available in 23 languages by April 30, 2018.
You can check out the form here.