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.
What are the rental contract terms?
About the Author: Amit Kalia
Amit is a full time local REALTOR® with RE/MAX Real Estate Brokerage Inc. in Mississauga. RE/MAX is Canada's #1 real estate company. Team Kalia serves property sellers, first time buyers, investors, landlords, new immigrants and non-residents in Mississauga including Square One City Centre area. Team Kalia offers a 30 Days Sold Guarantee to Sellers. They also provide tenant finding services to their investor clients.