Collect Data For Legal Oregon Equipment Lease Forms For Free

What's New for 2023. Under Alberta's 2023 Rent Increase guideline, there is no limit on rent increases in the province. If the landlord provides a tenant with at least 90 days proper written notice, they can increase the rent on a residential rental unit to market price.

Sublease or assignment A tenant cannot sublease or assign the rental premises to someone else without the landlord's written consent. A landlord may not refuse permission without reasonable grounds and must give the tenant their reasons in writing within 14 days after receiving the request.

The difference between assignment and transfer is that assign means it's legal to transfer property or a legal right from one person to another, while transfer means it's legal to arrange for something to be controlled by or officially belong to another person.

For example, if the fixed term is from January 1 to December 31, the tenancy automatically ends on December 31. Unless the tenant and landlord make other arrangements, the tenant has to move out by noon on December 31.

The indemnification clause in an equipment rental contract outlines who's responsible if something goes wrong while the equipment is in the customer's possession. In this clause, you should outline any specific rules or restrictions regarding how the equipment should be used.

What is an operating lease? An operating lease allows a company to use an asset for a specific period of time without ownership. The lease period is usually shorter than the economic life of the equipment. At the end of the lease, the lessor can recoup additional costs through resale.