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How to make up lease

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In this video tutorial, Sue Ricci discusses the importance of having a comprehensive rental lease agreement as a landlord. She emphasizes the necessity of including five key clauses in the lease to protect yourself. Ricci, an entrepreneur and co-founder of Ricci Property Management, explains that having a clear and detailed lease helps avoid problems in the future. She encourages landlords to regularly review and update their lease agreements to ensure they are rock-solid. Subscribe to the channel for more landlord tips and tricks.

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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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Is a verbal tenancy agreement valid?

Verbal tenancy agreements A tenancy agreement exists even if there is only a verbal agreement between you and your landlord. For example, you and your landlord may have agreed at the start of the tenancy: how much the rent would be and when its payable. whether the rent includes utilities.

What happens when a lease comes to an end?

The fact that the terms of the lease has come to an end does not mean that you have to leave the property. Unless you or your landlord takes specific steps to end the agreement under the lease, it will simply continue on exactly the same terms. You do not need do anything unless you receive a notice from your landlord.

What is another term for a step up lease?

A step-up lease is a lease agreement that comes with increases embedded into it. Such provisions are sometimes referred to as escalator clauses.

What happens at the end of a one year lease Ontario?

Fixed-term: If you have a fixed-term tenancy, like a one year lease, then you must give notice at least 60 days before the end of the lease. The termination date cannot be before the last day of the fixed term. If you dont give notice, the tenancy continues.

What does 1 year lease mean in Ontario?

A yearly rental agreement will run for a full 12-month period. Essentially, your one-year lease will continue on as a month-to-month lease once the year is up. Your landlord may want to sign another lease at the end of the term, but there is no obligation to create a new lease.

What happens after 1 year lease is up Ontario?

In Ontario, when a residential lease expires, and there is no new lease, the tenancy automatically becomes a month-to-month tenancy. The main advantage for tenants with a month-to-month tenancy is that they have much more flexibility if they decide to move.

Can you rent without a lease in Quebec?

All types of rental periods are allowed, e.g., month-to-month or annual. It is even possible to have a lease for no fixed duration. The term of a lease may not exceed one hundred years. If it exceeds one hundred years, it is reduced to that term (article 1880 Civil Code of Quebec).

What happens at the end of a fixed term lease in Ontario?

The end of a fixed term tenancy or lease does not mean that the tenant has to move out or sign a renewal or new lease in order to stay. The lease is renewed automatically on a month-to-month basis (if the rent is paid monthly) or week-to-week basis (if rent is paid weekly).

Is verbal lease valid in Quebec?

Yes. This kind of lease is valid and creates the same rights and responsibilities as a written lease. But the landlord must give the tenant a special form. If the landlord and tenant didnt agree on when the oral lease will end or be renewed, the tenant can cancel it by giving two-months notice.

Is a verbal lease agreement legally binding Quebec?

As a general rule, a verbal contract is just as valid as written contact. However, the Civil Code of Quebec does mention certain exceptions to this rule (for example, marriage contracts, mortgages or certain donations and mandates). For these exceptions, a written document is required.

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