Canadian Residential Lease Agreement
Both the tenant and the lessor must keep a copy of the signed agreement for their documents. Lease agreements between the lessor and the tenant are generally referred to as “leases”. A written lease is a good idea, as it clearly defines what the landlord and tenant agree on when renting a property. Rental agreements, written and oral, define the legal rights and obligations for both the landlord and the tenant. This is important because they can be designated when a conflict occurs between the two. Note, however, that in the event of a dispute, oral approval makes it much more difficult to refer to, as each party may remember things differently. A lease with no end date (normally called a periodic lease or renewal automatic lease) is used when the lease is automatically renewed after a certain period of time (for example. B every month, six months or every year). . . .