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This document outlines the terms and conditions agreed upon by the landlord and tenant for a residential property in Ontario, including payment methods for rent and deposits, responsibilities for property maintenance, and cleanliness policies.
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OREA Form 400 is a standardized form used in Ontario, Canada, for reporting specific financial transactions and information related to real estate activities.
Individuals and businesses engaging in real estate transactions in Ontario, such as real estate agents and brokers, are typically required to file OREA Form 400.
To fill out OREA Form 400, individuals must provide detailed information about the transaction, including property details, transaction dates, and parties involved, following the prescribed format and instructions provided by OREA.
The purpose of OREA Form 400 is to ensure compliance with legal requirements, facilitate the documentation of real estate transactions, and provide necessary information for regulatory bodies.
OREA Form 400 requires the reporting of information such as the transaction's date, parties involved, property details, sale price, commissions, and any relevant conditions or agreements.
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