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Overview. Alberta has 2 types of rental agreements: Fixed term agreement. A fixed term tenancy begins and ends on specific dates. Periodic agreement. A periodic tenancy has a start date but no end date. Boarding and employer accommodations. Application of the legislation.
The standard terms (listed on the standard Residential Tenancy Branch tenancy agreement) The names of the tenant and landlord. The address of the rental unit. The date the agreement is entered into. The address and telephone number of the landlord or landlord's agent.
Legally, a lease is just one way to rent an accommodation. A rent agreement can either be a lease or a licence and will be treated accordingly, based on the terms and conditions and renting period mentioned in the agreement.
There are several different types of residential tenancy agreements, including short-term fixed, long-term fixed and periodic leases.
Most rental agreements are short-term agreements, such as month-to-month tenancies, while lease agreements are usually for longer rental periods, such as six months, a year, or more.
Most rent agreements are signed for 11 months so that they can avoid stamp duty and other charges. According to the Registration Act, 1908, the registration of a lease agreement is mandatory if the leasing period is more than 12 months.The stamp paper can be in the name of the tenant or the landlord.
Names of the landlord and tenant and/or their agents. Description of the property. Amount of rent and due dates for payment, grace period, late charges. Mode of rent payment. Methods to terminate the agreement prior to the expiration date and charges if any.
Most rental agreements are short-term agreements, such as month-to-month tenancies, while lease agreements are usually for longer rental periods, such as six months, a year, or more.