Ontario Rental Agreement Form 2021
Posted On 3. August 2023
When it comes to renting a property in Ontario, it’s essential to have a rental agreement in place. A rental agreement, also known as a lease agreement, outlines the terms and conditions of the rental arrangement between the landlord and tenant. Whether you’re a landlord looking to rent out a property or a tenant looking for a place to rent, having a rental agreement in place can protect both parties and ensure a smooth renting experience.
In 2021, there are certain things to keep in mind when it comes to the Ontario rental agreement form. Here are some key points to consider:
1. Legal Requirements
First and foremost, it’s important to ensure that the rental agreement meets all the legal requirements of the Residential Tenancies Act (RTA). The RTA sets out the rights and responsibilities of landlords and tenants in Ontario, and any rental agreement must comply with these rules. The agreement should cover basic information such as the rental property’s address, the names of the landlord and tenant, the rent amount and due date, and the duration of the lease.
2. Changes due to COVID-19
The ongoing COVID-19 pandemic has had a significant impact on the rental market in Ontario. As a result, the Ontario government has introduced several temporary rules and regulations that landlords and tenants must follow. For example, landlords are required to give tenants a notice of rent increase at least 90 days before the increase takes effect (up from 60 days). Additionally, tenants cannot be evicted for non-payment of rent due to COVID-19-related financial issues between March 17, 2020 and August 18, 2021.
These changes may affect the terms of the rental agreement, so it’s important to make sure that the agreement is up-to-date and complies with the current rules and regulations.
3. Additional Clauses
While the Ontario rental agreement form covers the basics, landlords and tenants may wish to include additional clauses that are specific to their situation. For example, the agreement could specify who is responsible for maintaining the property and what types of repairs the landlord will cover. Other clauses may include restrictions on pets, smoking, or subletting.
4. Getting it in Writing
Finally, it’s important to ensure that the rental agreement is in writing and signed by both parties. Verbal agreements are not legally binding and can lead to disputes down the line. Having a written agreement can help prevent misunderstandings and protect both the landlord and tenant’s interests.
In conclusion, if you’re renting or leasing a property in Ontario, it’s important to have a rental agreement in place that complies with the latest legal requirements and includes any necessary additional clauses. By doing so, you can protect your interests and ensure a smooth renting experience.