Clean title in the Lease Extension Agreement effortlessly

Aug 6th, 2022
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How to Clean title in the Lease Extension Agreement

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hello and welcome to this webinar on lease extensions part of our occasional series of recorded webinars covering different topics only toward law my name is Christopher last and Im an advisor here at lease the webinar will address the right to release extension held by lease holders of flats the discreet law on lease extensions our houses is outside the scope of todays recording should you have questions about extending the lease of a house you can always contact our office and speak to an advisor this webinar is intended to provide an overview of the law relating to lease extensions for flats its not intended to cover every last aspect of the relevant law before embarking on a lease extension you should obtain independent advice relating to your situation to begin we ask the question why extend your lease the simple fact is that a residential long lease is a wasting asset its granted for a set length of time usually 99 or 125 years and will become less valuable as its termed sh

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Your landlord can increase your rent by any amount if you live with them. If you think your rent increase is too high check the price of properties in your area so you know how much your rent should be on average.
In the ordinary circumstance, a person may reside as an occupant or a roommate in a rental unit with or without the consent of the landlord provided that the tenant also resides in the rental unit. In some cases, a written tenancy agreement may provide who is an occupant of the rental unit.
If a tenant dies and there are no other tenants in the apartment, the landlord can get rid of any unsafe items right away. The landlord must keep other belongings safe for 30 days so that the tenants relatives or legal representative can arrange to deal with them.
After the expiry of 99 years, the ownership will be given back to the original landowner. What happens when a land lease expires? If the tenure of leasehold properties end, it can be extended beyond 99 years. The buyers are required to pay a ground rent to the original landowner.
Tenants should always ask permission to move a partner in, even if there is no specific clause prohibiting it in the tenancy agreement. Its important to ensure this happens as it can affect the performance of the tenancy. To ensure that everyone involved is properly protected, the change may also affect the rent.
The individual leasehold title registers will contain details of that titles lease only. This will appear in the A section and will contain the date of the lease, its length (term), the amount of ground rent payable, and the parties to the lease.
It is the tenants responsibility to complete the registration. Failure to register the lease within the relevant time period means it is not a valid legal lease and only takes effect as an equitable lease, or possibly a legal periodic tenancy. This can leave tenants in a vulnerable position
When the leasehold expires, the property reverts to a freehold property, where it is under the ownership of the freeholder in addition to you no longer having the right to stay there.
In Ontario, landlords can only increase rent once in a 12-month period and only 12 months after the date of the last legal rent increase or the tenant moving in. Landlords must also give tenants a minimum of 90 days notice that an increase is imminent.
There is actually nothing a landlord can do if a tenant brings in another person to live in the unit. The rent cannot be increased on that basis, it can only be increased once every twelve months by the guideline allowed each year.

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