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But, a cosigner has tenancy rights, unlike a guarantor. A cosigner can thus live in the unit with the tenant after signing the contract. Guarantors are only responsible for the rent if the tenant fails to pay, but cosigners are involved more directly.

Co-signer Agreement Contract The Co-signer acknowledges, has read and understands the Lease Agreement and agrees to accept full responsibility for the fulfillment of all the Terms and Conditions of the Lease Agreement, including the payment of rent and any other related charges.

Landlords are required to give their tenant at least 60 days written notice to the end of the term or rent period using the Landlord and Tenant Board Form N12.

Understand the length of the lease In that case, it's important to understand that the co-signer is only responsible for the length of the lease, which is usually one year. At that point, the lease will end and the co-signer is no longer responsible unless they sign a new lease.

Dear (Name of landlord or manager), This letter constitutes my written (number of days' notice that you need to give based on your lease agreement) -day notice that I will be moving out of my apartment on (date), the end of my current lease. I am leaving because (new job, rent increase, etc.

signer addendum is a document that can be added to a standard rental agreement to add the protection of a secondary party that will be responsible for the lease in addition to the tenant that is signing the primary rental agreement. This second party person is known as the cosigner for the lease.

Monthly, no fixed term: If you pay rent monthly and you are not in a fixed term tenancy, then you must give at least 60 days' notice and the termination date has to be the last day of a rental month. Example: You have a month-to-month tenancy and pay rent on the first day of each month.

If the landlord and tenant don't make a new agreement, and the tenant refuses to leave, the landlord can apply to the LTB for an order to evict the tenant. Important: In this situation, the landlord can apply to the LTB for an eviction order without giving the tenant notice.

In Ontario, when a residential lease expires, and there is no new lease, the tenancy automatically becomes a month-to-month tenancy.

What time does a tenant have to move out by in Ontario? Tenants must move out by midnight on the last day of the tenancy (as outlined in your lease which could be mid-month in some cases).