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How to Highlight Month To Month Lease

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[Music] hi guys its rachel the vancouver digital editor for next home your daily guide on all things real estate and lifestyle across canada todays video will tackle a question that most tenants face when looking for a new rental should i sign a one-year lease or sign a month-to-month agreement we will weigh in both options discussing the pros and cons to hopefully help you decide in which type of rental agreement suits you best but before we start let me give you the 4-1-1 on rental agreements a rental agreement is basically a written contract between the property owner and a tenant who wants temporary possession of the property the agreement covers the rental terms such as but not limited to the names of the parties involved the address of the rental unit the amount of rent to be paid and the length of tenancy now there are two types of rental agreements month to month or fixed term a month-to-month tenancy is one that has no fixed end date the lease automatically renews until you

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How much notice must a landlord give a tenant?

The landlord can charge the tenant a fee for ending the tenancy early but this can only be for actual and reasonable costs, like the cost to re-advertise the property. - for some fixed-term tenancies, 63 days notice will be required from the landlord, and for other situations, 90 days notice will be required.

What is another name for a month-to-month lease?

A month-to-month lease is a type of rental agreement between a renter and a landlord that establishes tenancy without a long-term commitment. Also known as a short-term rental agreement, a month-to-month lease renews occupancy terms every month until either the tenant or landlord terminates the lease.

What is a one month notice to end tenancy BC?

A tenant must move out within one month of receiving the notice if they do not dispute it. When a landlord has served a notice to end tenancy, and the tenant has disputed the notice, the landlord continues to be entitled to payment of rent or payment for use and occupancy while awaiting resolution of the dispute.

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

A periodic tenancy agreement often referred to as a month-to-month tenancy agreement does not have a pre-determined date on which it ends. The tenancy continues until the tenant gives proper notice to move out, or until the landlord legally ends the tenancy.

What rights do tenants have without a contract?

You can have a tenancy even if you do not have a written tenancy agreement, as long as its clear that you agreed to rent the home based on an agreement in writing or even verbally. You can agree a tenancy agreement by email or message, or in conversation with the landlord or letting agent.

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 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.

How does month-to-month lease work BC?

A periodic tenancy agreement often referred to as a month-to-month tenancy agreement does not have a pre-determined date on which it ends. The tenancy continues until the tenant gives proper notice to move out, or until the landlord legally ends the tenancy.

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