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The new lease form, effective from April 30, 2018, is introduced as the first standardized form for residential tenancies, replacing the absence of a previous form. Its primary purpose is to inform landlords and tenants of their rights and limitations, aimed at reducing disputes and misunderstandings. By providing clear guidance on allowable actions within residential leases, the government hopes to minimize the circulation of inconsistent lease agreements that may lead to legal conflicts. The standardized form is intended to enhance clarity and compliance in residential tenancy arrangements.