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Material terms are considered very important ? in fact, even the smallest breach of a material term gives the other party the right to end the tenancy. An example of a material term breach could be if a landlord fails to provide a service or facility included in the agreement like heat, electricity or water.
The amount of security or pet damage deposit and when they are to be paid. Signatures of the landlord and tenant. The date the agreement was signed. The standard terms on pets, condition inspections, rent increases, subletting, repairs, occupants and guests, locks, landlord's entry into the unit, and ending a tenancy.
Protection of Personal Information It's reasonable to expect landlords to ask potential tenants for certain types of personal information like proof of income, references or identification. This information should only be used for completing the application process ? to verify income or perform a credit check.
Many tenancies end automatically if you leave by the last day of the fixed term. Some contracts continue as periodic tenancies after the fixed term unless you give notice to say you're leaving. Check your contract before the fixed term ends to see if you have to give notice and how much notice you should give.
What to include in your apartment lease agreement. Basic information about all tenants. Include the full name and contact information of each tenant. ... Description of rental property. ... Security deposit. ... Monthly rent amount. ... Utilities. ... Lease term. ... Policies. ... Late fees.
Required Terms the standard terms, listed in the Schedule of the Residential Tenancy Regulation; the names of the tenant and landlord; the address of the rental unit; the date the agreement is entered into; the address and telephone number of the landlord or landlord's agent; the date the tenancy will start;
Although this seems like a long list of tenancy types, the most common form of tenancy is the assured shorthold tenancy. Unless your property rental fulfils certain criteria, it's likely that an assured shorthold tenancy agreement is the right one for you.