Toronto Rental Agreement Laws

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Toronto Rental Agreement Laws: What You Need to Know

If you are planning to rent a property in Toronto, it`s important to familiarize yourself with the rental agreement laws in the city. A rental agreement is a legally binding contract between a landlord and a tenant, and it`s crucial that both parties understand their rights and responsibilities. In this article, we`ll explore some of the key aspects of Toronto rental agreement laws that you should be aware of.

Types of Rental Agreements

There are two main types of rental agreements in Ontario: periodic tenancy and fixed-term tenancy. A periodic tenancy is a rental agreement that continues from month to month until the tenant or landlord terminates it. A fixed-term tenancy, on the other hand, is a rental agreement that has a specific start and end date.

Rent Control

In Ontario, there are rent control laws that limit the amount by which landlords can increase rent in a given year. The maximum amount of rent increase allowed in 2021 is 1.5%. Landlords must also provide tenants with proper notice before increasing rent, usually 90 days in advance.

Security Deposits

In Toronto, landlords are not allowed to charge a security deposit for residential rentals. Instead, they may request a deposit for the last month`s rent, which must be applied to the last month of the tenancy. There are strict rules about how landlords can handle and return the last month`s rent deposit, so it`s important to understand your rights as a tenant.

Maintenance and Repairs

Under Toronto rental agreement laws, landlords are responsible for maintaining the property and making any necessary repairs. This includes ensuring that the unit is safe and clean for tenants, and addressing any issues with heating, plumbing, or electrical systems. Tenants are responsible for reporting any maintenance or repair issues to the landlord in a timely manner.

Termination of Tenancy

In Ontario, landlords must provide proper notice to terminate a tenancy. For periodic tenancies, landlords must provide at least 60 days` notice, while for fixed-term tenancies, they must provide notice before the end of the lease. Tenants also have the right to terminate a tenancy with proper notice, usually 60 days in advance.

Conclusion

Understanding Toronto rental agreement laws is crucial for both landlords and tenants. By familiarizing yourself with the key aspects of rental agreements, you can ensure that your rights are protected and that you can enjoy a safe and comfortable tenancy. If you have any questions or concerns about your rental agreement, it`s always a good idea to seek advice from a legal professional.

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