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RESIDENTIAL TENANCY AGREEMENTS FEES & CHARGES STATUTORY REFERENCES Residential Tenancies Act (RTA) sections: 1(1)(f)landlord definition1(1)(k)rent definition 1(1)(l)residential premises definition1(1)(m)residential
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How to fill out residential tenancy agreements
How to fill out residential tenancy agreements:
01
Begin by obtaining a blank residential tenancy agreement form. This can typically be obtained from your local housing authority or downloaded online.
02
Start by filling in the basic information of both the landlord and tenant. This includes names, addresses, contact numbers, and any other relevant details.
03
Specify the rental property details, including the address, unit number, and any special conditions or restrictions that may apply.
04
Determine the term of the tenancy agreement, whether it will be a fixed-term lease or a month-to-month rental agreement.
05
Clearly state the rent amount and payment terms, including when and how it should be paid. If there are any late fees or penalties for non-payment, make sure to include them as well.
06
Outline any additional costs or expenses that the tenant will be responsible for, such as utilities, maintenance fees, or parking fees.
07
Specify any rules and regulations that the tenant must abide by during their tenancy, such as noise restrictions, pet policies, or smoking policies.
08
Include sections for both parties to sign and date the agreement, indicating their understanding and acceptance of the terms outlined.
09
Make sure to provide the tenant with a copy of the completed agreement for their records.
Who needs residential tenancy agreements?
01
Landlords: Residential tenancy agreements are crucial for landlords to establish a legal and binding contract with their tenants. It ensures that both parties are aware of their rights, responsibilities, and obligations.
02
Tenants: Tenants also benefit from having a residential tenancy agreement as it clarifies the terms and conditions of their tenancy, providing them with legal protection and outlining the expectations for their stay.
03
Housing authorities and regulatory bodies: These organizations require residential tenancy agreements to ensure that both landlords and tenants are abiding by local laws and regulations related to rental properties. It helps in resolving disputes and ensuring fair practices in the rental market.
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