Draft Date Lease For Free

If you want to continue your tenancy, you don't have to do anything. If you don't sign a new lease and you don't give notice to move out, the law says you automatically become a month-to-month tenant. All the details of your previous lease or agreement will continue exactly the same.

Normally people have a rental lease agreement for a year or sometimes for 2 years. What is in the Ontario standard lease agreement? According to new laws in Ontario, every private residential tenancy must have a standard lease agreement.

If you break the lease early, you may be required to pay the landlord for the remaining months of rent. Even then, if the landlord has to re-rent the property for less than you were paying, the landlord is entitled to that difference for the remainder of your tenancy agreement.

When the lease runs out. You do not have to leave the property when the lease expires. In law, a lease is a tenancy and the leaseholder is a tenant. The tenancy will continue on exactly the same terms unless you or the landlord decide to end it.

term tenancy agreement cannot be ended early except in three circumstances: both parties agree in writing; there are special circumstances such as the tenant is fleeing family violence or the tenant has been assessed as requiring longterm care or has been accepted into a longterm care facility; or as ordered

The lease is renewed automatically on a month-to-month basis (if the rent is paid monthly) or week-to-week basis (if rent is paid weekly). This means the landlord and tenant do not have to sign a new fixed term lease when the term of the lease runs out.

Tenant may owe the difference between the two monthly rents, multiplied by the number of months left on the term of the broken lease. Landlord mitigates their losses by taking reasonable steps to re-rent the unit.