The lease or rental contract terms are made to protect the landlords as well as the tenants in accordance with the laws of Ontario. They cover various elements of the rental property, like: responsibility for payment of utility bills, repairs, maintenance work, resident’s compliance with condominium building by-laws, unit and tenant’s content insurance, smoking and pet policy, rent increase, making the unit available for showings to the next tenants or buyers at the end of the lease term etc.