top of page
< Back
Category:

Save this article  > 

The New Standard Form of Lease and Condo-specific Additional Terms

Author: 
Alex Young
Publication date:
July 20, 2018
Article Summary: 

This article discusses the implementation of a new standard form of lease for private residential rental units, including condominium units, in Ontario. The form was made mandatory for all new tenancies starting from April 30, 2018. The article emphasizes the importance of using additional terms (Section 15) to address condo-specific considerations, as the interplay between the Condominium Act and the Residential Tenancies Act can lead to confusion. It suggests various essential additional terms for condo rentals, covering topics like condo documents compliance, smoking rules, pet restrictions, locker space, common expenses, liability, tenant insurance, and superintendent's suite lease agreements. The article advises landlords (including condo unit owners and corporations) to seek legal advice when drafting additional terms to ensure clarity and protection for all parties involved.

Keywords: 

New Standard Form of Lease, Residential Tenancy Agreement, Condominium Units, Mandatory Form, Additional Terms, Condo Rentals, Condominium Act, Residential Tenancies Act, Condo Documents, Smoking Rules, Pet Restrictions, Locker Space, Common Expenses, Liability, Tenant Insurance, Superintendent's Suite, Lease Agreements, Legal Advice.




Source Citation: 
Alex Young
The New Standard Form of Lease and Condo-specific Additional Terms
July 20, 2018
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page