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NOW THEREFORE in consideration of the mutual promises contained herein and for other good and valuable consideration the receipt and adequacy of which is hereby acknowledged effective January 1 2001 the parties agree as follows SECTION 3 Is amended to strike the first paragraph and inserting in lieu thereof the following It is understood and agreed that the Lease shall commence as of the 1st day of January 2001 and shall end on the 31st day of December 2005 both days inclusive. thereof the fol ...

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2003	4.8 Satisfied (116 Votes)

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How do I amend a tenancy agreement?

Changing the tenancy agreement A tenancy agreement can normally only be changed if both you and your landlord agree. If you both agree, the change should be recorded in writing, either by drawing up a new written document setting out the terms of the tenancy or by amending the existing written tenancy agreement.

What is a tenancy amendment?

The tenancy amendment letter is a contract, in letter form, that formally changes the terms of a tenancy agreement. It can add, remove or update parts of the contract. Before it is effective, it must be agreed upon by both the tenant and the landlord/ letting agent (if carrying out a full management role).

How do I amend a lease in Ontario?

Both parties must agree to the proposed amendments. A lease is a legally binding agreement between a tenant and landlord, therefore it cannot be altered without both parties' consent. Typically, a landlord is more likely than a tenant to propose an amendment to the lease.

Can you write your own tenancy agreement?

You can make your own tenancy agreement but you need to make sure that it is up-to-date with the law and in particular does not contain illegal clauses. The Tenant Fees Act 2019 made certain tenancy payments illegal such as cleaning fees.