The Residential Tenancy Agreement Ontario 2018: Know Your Rights and Obligations
If you are planning to rent a property in Ontario, it is important to understand the Residential Tenancy Agreement Ontario 2018. The tenancy agreement is a legally binding contract between the tenant and the landlord that outlines the terms and conditions of the rental agreement.
As a tenant, it is important to know your rights and obligations under the tenancy agreement. Here are some of the key things you should be aware of:
1. Rent Payment: The tenancy agreement should clearly state the amount of rent you will pay and the due date. The landlord cannot increase the rent during the lease term unless both parties agree in writing or the landlord gives the tenant proper notice.
2. Security Deposit: The landlord can require a security deposit equal to one month`s rent. The landlord must return the deposit at the end of the lease term if there is no damage to the property.
3. Maintenance and Repairs: The landlord is responsible for maintaining the property in a safe and habitable condition. The tenant must notify the landlord promptly of any repairs needed, and the landlord must make the repairs in a timely manner.
4. Entry by Landlord: The landlord can enter the property to make repairs, show the property to prospective tenants, or in case of an emergency. The landlord must provide 24 hours` notice to the tenant, except in cases of emergency.
5. Termination of Tenancy: The tenancy agreement should state the length of the lease term. The tenant can terminate the lease with proper notice, usually 60 days. The landlord can terminate the lease for specific reasons, such as non-payment of rent or breach of the tenancy agreement.
In addition to these key provisions, the Residential Tenancy Agreement Ontario 2018 also addresses other important issues such as pets, subletting, and smoking.
It is important to read the tenancy agreement carefully and ask any questions you may have before signing it. If you have any concerns or disputes with your landlord, you can contact the Landlord and Tenant Board for assistance.
In summary, understanding the Residential Tenancy Agreement Ontario 2018 is essential for any tenant renting a property in Ontario. By knowing your rights and obligations, you can ensure a smooth and successful tenancy.