Ontario's New Standard Residential Lease
Landlords and REALTORS® have previously been using various types of residential leases when entering in tenancies with tenants. Real estate agents from the Ottawa Real Estate Board were using the Ottawa Real Estate Boards residential lease below.
Starting April 30th 2018, landlords of most private residential rental units will now be forced to used the standard Ontario residential lease template rather than the Ottawa Real Estate board residential lease. The new Ontario standard residential lease can be viewed below and obtain on the Ontario Ministry of Housing's webpage.
For more information on how this could effect your investing or if you would like to discuss you real estate investment goals please reach out to Roch St-Georges, Broker with EXIT Realty Matrix Ltd at 613-889-7732.