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(no Rental Clause)TRUST AGREEMENTS AGREEMENT made this TH day of, 2012BETWEEN:COMPANY ONE, a corporation having an office and carrying on business in the city of Calgary, in the Province of Alberta(hereinafter
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No rental clause is a statement included in a lease agreement stating that the tenant is not allowed to sublease or rent out the property to another party without the landlord's permission.
The landlord is typically required to include a no rental clause in the lease agreement.
The landlord can include the specific language of the no rental clause in the lease agreement and have the tenant initial next to it to signify understanding and agreement.
The purpose of a no rental clause is to protect the landlord's property and ensure that only approved tenants are living in the rental unit.
The no rental clause should clearly state that the tenant is not authorized to sublease or rent out the property without the landlord's consent.
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