If you own a property with multiple units, you need to add important clauses to clarify things and avoid future problems. As a broker for a real estate management company in Alberta, I have seen a lot of scenarios with tenants. Whenever we encounter a problem that is not or is not well covered enough, we revoke our lease so that it can be easily dealt with next time because of the wording and clauses of our lease. If you rent in a retirement home, the owner must give you a care Home Information Package (CHIP) to the world before signing the rental agreement. The CHIP contains information about the home and the cost of meals and services. Even if the law does not require it, it is a good idea to have the agreement in writing. If you write it down, you and your landlord can think about all the points that should be included. Take the extra clauses that you can put in super serious, because if you are not protected We were in the trenches and know what works and what does not. Only adding a ton of clauses will eliminate potential tenants and you`ll need to focus on VITAL ADDITIONAL CLAUSES and not just the “everything and kitchen sink” that non-renters will try to market to you. This is a major problem, especially with the legalization of marijuana.
How can you protect your rental property? Get the clauses you need! This is appreciated – but you should note that there are several spelling errors in the above clauses. The following terms should not be included in your lease: The following terms are part of each lease, even if the contract does not say them: Here are 5 important clauses that you should include in your lease. We recommend confirming the use and text of each clause with local landlord tenant authorities, as each Canadian province has different rules. A written agreement can be helpful if you and your landlord have a disagreement afterwards. And if you have to go to the landlord and tenants` office because your landlord is not doing what they said, a written agreement can make it easier to prove your case. It is important for new homeowners to understand that you cannot add clauses that do not follow the housing law. And there are many other things. Remember, these are clauses that are important, but that make sense and do not discourage your good tenants… These important clauses prepare you for future problems. The law makes certain things part of any lease, even if you and your landlord don`t include them. For example, your landlord is responsible for repairs and maintenance, even if your lease doesn`t say so.
In Alberta, at the end of a fixed-term lease, the landlord has the right to accept the same tenant and establish a new lease for a new term, if he wishes.