Get Form 5 Summary Of Lease Or Renewal

Filling out the Form 5 Summary of Lease or Renewal can seem daunting, but this comprehensive guide will help you navigate the process with ease. This form is essential for notifying the condominium corporation about lease agreements and related updates.

Follow the steps to complete the form accurately.

1. Click 'Get Form' button to obtain the form and open it in the editor.
2. Begin by entering the name of the condominium corporation at the top of the form. This ensures the relevant party receives your notification.
3. Indicate the type of lease you are notifying about by checking the appropriate box: original lease, assignment of lease, oral lease, renewal, oral sublease, renewal of a written sublease, or assignment of lease.
4. Provide the specific unit details, including the unit number(s), level(s), parking spaces, and locker information, to specify the properties involved.
5. Fill in the names of the lessee(s) or sublessee(s), along with their contact information, including telephone and fax numbers, to establish clear communication.
6. Document the commencement and termination dates of the lease or renewal to define the duration of the agreement.
7. Outline any options to renew the lease if applicable, and detail the rental payment terms to clarify financial obligations.
8. Add any additional information pertinent to the lease agreement in the provided section to ensure all relevant details are noted.
9. Confirm that the lessee(s) or sublessee(s) have received a copy of the declaration, by-law, and rules of the condominium corporation.
10. Acknowledge your responsibility to notify the condominium corporation if the lease or sublease is terminated as required by law.
11. Complete the form by entering the date and signing it. If applicable, include your printed name and the signature of any co-owner. For corporations, ensure the corporate seal is affixed or a statement of authority is included.
12. Finally, save changes to the form. You can download, print, or share the completed document as needed.

Complete your documents online today to ensure your lease agreements are properly managed.