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RESIDENTIAL LEASE AGREEMENT
THIS LEASE (the "Lease") dated this ________ day of ________________, ________
BETWEEN:
_________________________
(the "Landlord")
- AND-
(the "Tenant")
(individually the “Party” and collectively the “Parties”)
IN CONSIDERATION OF the Landlord leasing certain premises to the Tenant and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, the Parties agree as follows:
The contact information for the Landlord is:
IN WITNESS WHEREOF _________________________ and _________________________ have duly affixed their signatures on this ________ day of ________________, ________.
_____________________________________________________(Landlord)
_____________________________________________________(Tenant)
The Tenant acknowledges receiving a duplicate copy of this Lease signed by the Tenant and the Landlord on the _____ day of ______________________, 20____.
A Residential Lease Agreement can also be referred to as a:
A Residential Lease Agreement is a contract between a landlord and tenant that is used to set out the terms of a residential tenancy, including the rights and responsibilities of each party. A Residential Lease can be used when renting a room, house, apartment, condo, basement suite, duplex, mobile home, or town home.
You can create and customize this rental agreement for any residential property within Canada, excluding Quebec.
If you are looking to rent a commercial property, use LawDepot's Commerical Lease AgreementCommerical Lease Agreement.
The parties in a standard Residential Lease Agreement are typically:
The landlord: A landlord is the individual who is renting out his or her residential property in exchange for rent payments.
The tenant: A tenant is the party who agrees to pay to live in the leased premises for a specific amount of time as indicated in the residential tenancy agreement.
Anyone who is renting residential space to or from another party should use a lease to outline the rights and responsibilities of both the tenant and the landlord during the tenancy.
People who often use a Residential Lease are:
A Residential Lease Agreement should include:
A lease agreement is beneficial for many reasons. It clarifies the obligations of both parties during a residential tenancy so each person knows what is expected of them during the rental relationship. For example, the tenant may be responsible for paying rent on the first of every month, while the landlord is expected to keep the property in good condition (by taking care of major repairs, such as leaks or plumbing issues, for example).
A lease also protects both parties from future misunderstandings, such as who pays for damage to the rental property. The written lease proves both parties agreed to and acknowledged the terms within it.
Generally, the first step in attempting to break a lease would be to discuss the situation with the landlord or tenant (depending on which party wants to break the lease). If both parties consent to ending the lease early, then it can be terminated.
If either the landlord or the tenant wishes to break the lease due to a substantial breach of the terms in the agreement, then they can contact their province's residential tenancy services (e.g. Landlord and Tenant Board, part of the Social Justice Division of Tribunals Ontario) for more information on next steps.
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