Get Form 5 Condominium Act, 1998 Summary Of Lease Or Renewal ...
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How to use or fill out the Form 5 Condominium Act, 1998 SUMMARY OF LEASE OR RENEWAL ... online
Filling out the Form 5 under the Condominium Act, 1998 is a vital step for landlords to ensure accurate record-keeping with the condominium corporation. This guide provides clear and practical steps to help you complete the form efficiently online.
Follow the steps to fill out the Form 5 online.
- Click ‘Get Form’ button to obtain the form and open it for completion.
- Identify the condominium corporation plan number and unit number. Enter these details clearly at the top of the form.
- Indicate whether a written or oral lease, or a renewal, has been entered into by striking out any options that do not apply.
- Fill out the tenant(s) information, including their name(s), telephone number, and fax number if applicable.
- Specify the commencement and termination date of the lease.
- Provide vehicle registration information for up to two vehicles, including make, model, and license plate number.
- If there are options to renew the lease, outline the details in the designated section.
- Enter the rental payment amount and the due date for payments.
- Optionally, input any other relevant information you wish to provide.
- Acknowledge you have provided the tenant(s) with a copy of the condominium’s declaration, by-laws, and rules.
- Confirm you will notify the condominium corporation in writing if the lease is terminated.
- Complete the date section, sign the form, and print your name. Then include your address, telephone number, fax number (if any), and email address (if any).
Complete your Form 5 online today to ensure compliance with the Condominium Act.
Changes made to the Ontario Condominium Act lower the quorum requirements for certain mandatory meetings, create new regulations for how condominium corporations can hold votes, require a mandatory form for proxies, and provide greater flexibility for board meetings.
Fill Form 5 Condominium Act, 1998 SUMMARY OF LEASE OR RENEWAL ...
To read information, use the Down Arrow from a form field. Summary of lease or renewal. Condominium Act, 1998. Owners may use this form to provide the condo corporation with required lease information within 10 days of entering a lease or the renewal of a lease. Condominium Act, 1998 - O. Reg. 49.01. Form 5 – Summary of Lease or Renewal. (Clause 83(1) (b) of the Condominium Act, 1998). I, _____(tenant name)_.
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