Standard rent is part of Ontario`s Fair Housing Plan, which includes 16 comprehensive measures to make housing more affordable for homebuyers and tenants, while creating stability in the housing market and protecting homeowners` investments. The plan also includes an extension of rent control protection for Ontario tenants, which means that as of April 20, 2017, approximately 1.3 million rental units are protected from sudden and unexpected increases – including all private market rentals, whether located in public buildings, rental units or apartments. In 2018, these increases are limited to 1.8%, and future increases must not exceed 2.5%, unless the lessor has the agreement of the landlord and the rental office. This means that about one in five people in Ontario living in a private market rental unit is protected by rent control. When both parties sign the rental agreement, it is retained for the personal registration of each party for the duration of the rent. The contract, which will come into effect on April 30, provides for the same contract for each rent used. There are currently no standardized contracts in Ontario. Instead, landlords and tenants often create makeshift contracts, sometimes with downloadable online forms, sometimes with illegal terms. In the case of new leases signed on April 30 or after April 30, most landlords are required to use the standard rental agreement that provides a template to collect basic information such as names and addresses, total rent and when, as well as all rules or conditions regarding the rental unit or building. These include apartments rented in buildings of one or more semi-detached houses, apartment buildings, rental units and annexes, such as . B basements. Leases signed before April 30 remain valid and enforceable as long as they comply with the Housing Act.
However, as soon as the new standardized lease comes into effect, it will apply to all new leases. It also has a section on the rights and responsibilities of tenants and landlords, and explains what can be included in a rental agreement (and not). For example, if the landlord and tenants have other agreements or obligations, these documents must be attached. Ontario has increased tenant protection with an easy-to-understand standard lease for new private leases that are now in effect across the province. The main purpose of this contract is to determine the terms of the lease; The sum of the monthly rent The terms and conditions for payment of supply fees; maintenance conditions for the devices, etc. The agreement is very important in the event of a dispute. The Ontario lease must contain the following data: All we have to do is pay very high rents to fall, and life in Toronto will be a dream… If landlords do not comply with the request, tenants can apply in writing for a standard rental service. If landlords still have not benefited from the legal contract within 21 days, tenants can withhold a monthly rent. Thus, the owner has an additional 30 days to use the new standard rental contract. A standard leasing guide that is published in many languages to ensure that more people understand their rights and what they agree on when they sign a new lease.
The lease is available in 23 languages: Arabic, simplified Chinese, traditional Chinese, English, Farsi, French, German, Greek, Gujarati, Hindi, Italian, Korean, Polish, Portuguese, Punjabi, Romanian, Russian, Spanish, Tagalog, Tamil, Ukrainian, Ukrainian, Urdu and Vietnamese. It is not often that we have good news for tenants, but this is the best news in a long time.