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Rental Agreements and Payment FAQs

The document discusses frequently asked questions about landlord and tenant agreements. It covers topics like security deposits, rental agreements, types of agreements, tenant and landlord responsibilities, and termination notices. A security deposit is money paid to cover damage costs, landlords must provide receipts, and deposits can be up to half the rent amount. Landlords have 15 days to return deposits after tenants move out. Rental agreements establish the terms of renting and can be monthly or yearly. The Residential Tenancies Act governs most rental properties except for some business rentals.

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96 views2 pages

Rental Agreements and Payment FAQs

The document discusses frequently asked questions about landlord and tenant agreements. It covers topics like security deposits, rental agreements, types of agreements, tenant and landlord responsibilities, and termination notices. A security deposit is money paid to cover damage costs, landlords must provide receipts, and deposits can be up to half the rent amount. Landlords have 15 days to return deposits after tenants move out. Rental agreements establish the terms of renting and can be monthly or yearly. The Residential Tenancies Act governs most rental properties except for some business rentals.

Uploaded by

api-309054390
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Landlord & Tenant Frequently Asked Questions

1. What is a security deposit?


It is money paid to cover the cost of any damage to the room.
2. Must a landlord provide a receipt for a security deposit?
Yes
3. How much can be charged for a security deposit?
Not more than Half of rent
4. How much time does a landlord have to return a security deposit after the
tenant moves out?
15days
5. What is a rental agreement?
When I rent a place, the landlord will usually ask you to sign a rental agreement,
commonly known as a "lease". While the term "lease" is commonly used, a lease is
just one form of rental agreement. Also explains to the renter the term of the
agreement.
6. What are the types of rental agreements?
One month or years
7. Must a landlord give a copy of a signed rental agreement to the tenant?
Yes, of course.
8. A landlord give a tenant a copy of the Residential Tenancies Act? Yes.
9. What is a Rental Premises Condition Report form?
[Link] the Residential Tenancies Act apply to a verbal rental agreement?
No
11. Can a landlord request post dated cheques for rent payments?
yes
12. Are there residential premises not covered by the Act?
Yes.
13. Does the Act apply to business/commercial rental agreements?
14. Is a tenant responsible to have insurance on his/her personal belongings?
Yes.
15. When a rented premises is sold to a new owner, does the rental agreement
continue?
It is if all parties agree and then yes.

16. What happens to a security deposit when there is a change I ownership?


17. Can a landlord charge a fee for late payment of rent? Yes I can.
18. Can a landlord charge a fee if a tenants rent cheque is returned because of
nonsufficient funds (N.S.F.) in the tenants account? Yes.
19. Can a tenant withhold rent because a landlord is not maintaining the premises?
no.
20. Can a landlord terminate a rental agreement when the tenant does not pay
rent? Yes.
21. Can a landlord increase rent by giving a verbal notice to the tenant? No.
Must be written notice.
23. Can a landlord increase rent anytime? No.
24. Is a tenant responsible for damages to the residential premises? Yes.
25. What can a landlord do if a tenant has not repaired damages? They keep the
damage deposit.
26. Can a termination notice be verbal? No.
27. Where can I get a copy of the Residential Tenancies Act?
28. If a landlord gives a tenant a Termination Notice in writing, is the tenant required
to give a written notice of his departure? No.

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