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How to Correct Month-To-Month Rental Agreement Template

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[Music] hello everybody today were going to do something a little bit different lets get started welcome to my youtube channel ive been helping clients for over a decade and now im coming straight to you to get even more great videos click our links to like and subscribe stay in touch by phone text email or on our highly interactive facebook group texas landlords and now ernie talks so today were going to talk about the pros and cons of a lease term versus a month to month term so what do we mean basically uh whats the good the bad and the ugly of a six a 12 or a longer term lease as opposed to a month-to-month tenancy so im gonna take the side of a 12-month lease hi im also ernie but i am going to take the opposite side all right so here goes uh pros of a 12 month lease number one you have a written promise of 12 months of rent from your tenant pro number two you are less likely to have to incur losses in between tenants particularly if you have a good tenant whos likely to

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Can you evict a tenant without a lease in Ontario?

If the landlord and tenant dont make a new agreement, and the tenant refuses to leave, the landlord can apply to the LTB for an order to evict the tenant. Important: In this situation, the landlord can apply to the LTB for an eviction order without giving the tenant notice.

Can you assign a month-to-month lease Ontario?

If a tenant wants to move out before the lease expires and does not plan to return, he or she can assign the lease to another person, who will then become the tenant. Assigning a lease transfers all the tenants rights and obligations to another person.

Can a landlord terminate a month-to-month lease in Ontario?

Yes; a landlord can terminate a month-to-month lease in Ontario as long as the reason for lease termination is legal, appropriate, and processed the right way.

Are month-to-month leases legal in Ontario?

Monthly, no fixed term: If you pay rent monthly and you are not in a fixed term tenancy, then you must give at least 60 days notice and the termination date has to be the last day of a rental month. Example: You have a month-to-month tenancy and pay rent on the first day of each month.

Can a landlord increase rent on a month-to-month lease in Ontario?

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.

What are the rules for month-to-month lease in Ontario?

Monthly, no fixed term: If you pay rent monthly and you are not in a fixed term tenancy, then you must give at least 60 days notice and the termination date has to be the last day of a rental month. Example: You have a month-to-month tenancy and pay rent on the first day of each month.

How does month-to-month rent work in Ontario?

There will be no end date to the tenancy agreement unless both the landlord and the tenant agree to it. Thus, the renter does not commit to any specific rental time, and the payment terms remain as previously agreed upon under a month-to-month leasing agreement.

Does Word have a rental agreement template?

Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.

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