Good morning my name is Tom Witek with https://www.JustSellingHomes.ca
Today I'm going to do a complementary video now this video complements another
video that I have done about the new standardized lease agreement
now before I show this..... the video is going to be about filling out the
residential tenancy agreement between landlord and the tenant but
before I get into it and I found a nice way to to record basically your screen
your PC screen and to do this you just need microphone and a program it's
actually free program it's called OBS studio now if you want to use if you
want to use a tablet to capture the screen then you would use DUI Recorder
to record okay so let's get into it so as you see I have the open lease
agreement right here and this is basically it's going it's an entire new
provincial lease the government issued. It's a new provincial document that is going to be
in effect for all tenancies in Ontario as of April 30 2018 okay and I am not sure
if other provinces have standardized their
lease agreements but Ontario finally did so so you can see it's
it's right here I'm gonna put a link to my blog and on the blog I'm gonna
actually put the agreement which you can which you can download and fill out this
is the agreement that everybody gonna be using okay so so you see the standard
form of lease residency residential tenancy agreement now how do you fill
this out okay so so let's say I'm gonna put my name for the landlord
okay then you're gonna go to Section B let's say your tenant is going to be
Jack Machiavelli Jack machiavelli and obviously would know okay so
Machiavelli's last night oh that's how they did it
it was first name last name before so machiavelli Jack and then you are the
tenants and the kids of the tenants
now you obviously fill out the the unit so let's say it's 75 street number 200
sunshine Avenue
okay in the province of Ontario I am in Ottawa salesperson in Ottawa and
obviously there would be like K to 3 or 2 to 3 5 J 2 and now this is important
you better specify if with the lease you actually giving the tenants the right to
a parking space so you would like one parking space included or excluded
depending on what you want to do in the lease parking number 56 let's say ok the
rental unit is a unit in a condominium now obviously that depends if you if you
have condominium is going to be condemning for the purposes of this
training tutorial I'm gonna say no this is important so there's going to be a
schedule which is called the condominium declaration bylaws and rules
which the landlord can provide to the tenant and the tenant can
read you can actually make the tenant initial their condominium and the
read it and that should be sufficient now this is a address for giving notices
or documents to the landlord so for example let's say a student is renting
your unit you would you probably want the permanent address which would be
proud their parents address so you would put that here typical situation both the
longer and then at leat receive notices and documents by email we're allowed by
Landlord and Tenant boards rules okay so would say yes in Ontario you can do you
know you can do faxes probably email is the most convenient okay so you see it
here now this time of tenancy okay so let's say it's that so we're here at
February 26 let's say starting March 1st okay so you depends how you want to set
this a fixed length of time ending on so that would end on February 28 2019 it's
a year right or monthly you would do it per month or you can do daily weekly now
daily would more like a short-term maybe AirNB
tenancy okay so just to add to this to basically if you'll do a fixed-length
ending on you can do it for even two years right or three years really it's
done per year the tenant automatically goes on month-to-month okay and they
still have to give 60-day notice when their month on month to month now the
section 5 says rent rent rent is to be paid on the first second on the last day
of each month a week depending on the agreement and the tenant prepared a
fellow in rent so let's say basement is 1500 now depending you remember that
section that we discussed before if you put party included or excluded in my
case I would include it and here it's very important to specify services and
utilities whether the landlord pays it or the tenant so what happen it utility
so obviously electricity select with electricity paid by a tenant and you can
specify this because otherwise you know you wanna avoid
disagreements water and
sewage tenant and for Ottawa as of January of last year I believe, city of Ottawa issued
that basically for water and sewage you need to fill out one of their forms so
that so that the tenant can actually set up an account for the property now all of
these accounts are in tenants' names not in the landlord's names
dang what am I missing electricity water and sewage and what am I missing
electricity sewage, ahhh gas, natural gas , so you would put
and this most likely will be Enbridge
okay so it's paid by Tennant now I'm not sure if you're gonna put in this section
because this pertains to service and utility so probe there's another section
where basically if it's a condo then the condo fees are usually paid by the
landlord and same for property taxes
yeah so you got your base lawful rent you got your parking and you got your
utilities and you gotta specify how much it is and who's paying for what okay and
obviously here it would be okay it says where the rent is payable to and on my
other video I actually discussed because many people think a tenant and landlord
that tenant has to pay by post-dated cheques or bank withdrawals
which is actually not the case it's only if the tenant agrees to it you can you
can agree with the tenant both parties to do electronic transfer which is
probably the easiest thing to do because gives you electronic receipt once the
tenant pays and the landlord deposits deposits the money okay it's right here. The tenant
cannot be required to pay rent by post-dated checks or automatic payments
but can choose to do so okay so the first time of the year it is a partial
period okay so this is like okay let's say I wanna its twenty six let's say I'm
gonna start on the 28th okay so you would you would pay just for one day and
then go on to March I mean usually people start from the first of each
month this is standard and this is interesting a NSF charge
cannot be than 20 bucks strange that they would
weird they would put this, because banks usually charge you more for for a check there we go and
then you have why do you have the reiteration of this and I don't know but
anyway so everything included additionally that the following services
are included in the lawful rent and then it would put yes yes yes or no no
no right air conditioning does and all the stuff that you have here it's kind
of doubling and I don't know why they did that but I guess to make sure that
you know everybody understands that what the obligations are and this
is additional stuff if you have no special services in the condominium or
something like that I don't know let's say example maybe they do dry cleaning
at the condo place then you would put that the tenant is responsible for the
payments again they go during utilities had responsibility of either landlord or
tenant then has to set up the account which is great because in a previous
lease they didn't have that so you kind of needed some kind of schedule to make
sure that the tenant knows how to and that they have to even set up the
accounts right now this is a new thing if the tenant will be responsible for
paying for electricity measured by meter or suite meter the landlord must give the
prospective tenant available information about the electricity usage in the
rental unit over the last 12 months using the appropriate Tenant And Board Forms
So Landlords.....You Must make sure that that you do get from previous
tenants copies of of their bills because now you got to provide this to to the
new tenant okay so that's one thing that changed now rental discounts I mean not
too many people apply these not even gonna discuss rent deposit now rent
deposit is required or not the deposit it is to be applied to the last rental
period of the tenancy and so that's so you would apply that to like February
because we started March right so February of next year of 2019 you better
pay you better pay your tenant interest on this on this money because you're
holding it for a year, usually it's a small amount
the only other deposit that you can get is the key deposit and right now right
now they emphasize that there's no such thing as pet deposit
or a damage deposit that the landowner can can extract from the tenants but
they can do the key deposit definitely, what am i doing key deposit so you would put what $59
bucks to replace the keys and cards maybe more
you gotta hire somebody I guess you couldn't pay $200 bucks to the person
smoking okay so this is the same as I mean the tenant can smoke is just do not
smoke inside of the unit now with the new Marijuana law that it's coming
on July first I'm not sure how this this will apply
the government still has to tell us what's what's gonna happen with that but
you can be but that probably I mean if you cannot smoke cigarettes in the unit
why would you be able to smoke pot right so so that's that
tenant's insurance always get tenant's insurance because it covers
everybody like the landlord needs to get their insurance on the unit and the
tenant needs insurance for the belongings and liability in case of
something were to happen physically to them on the property the insurance will
talk between each other so you would always put this don't double do that
changes to the rental unit this is standard again and unique tenants need
permission from the landowner maintenance and repairs
I mean if it's minor repairs that the tenants are responsible for it usually
is like negligence like a dog peeing on the floors or whatever I mean you're
responsible for that assignment and subletting I mean again it has to go
through the landlord landlord has to do the checks now this is important number
fifteen is basically like a leniency cluse it's called additional terms and
you're basically a #landlords flexibility right so #landlords and #tenants
can agree on certain things it has to be lawful something that they agree on and
there is residential tenancies act yeah and you can read that so you would most
likely put this tendency agreement includes an attachment with additional
terms that the Landlord and Tenant agreed to now it has to be a legal it
has to be basically legal clauses before we would put schedule A with legal clauses
now I guess we're gonna do an attachment
okay and then you would do the signatures of landlords and tenants and
you got the appendix information that's attached to the lease so you
can read all that renewing the tenancy agreement so the #Landlord And #Tenant can agree that
the tenancy will last for a specific period of time this is called #fixedtermtenancy
this this is because both the start and the end are set out in the
tenancy agreement then add of the agreement does not mean that the tenant
has to move out or sign a and a renewal or new agreement in order to stay the
rules of the agreement will still apply and tenant still has the right
to stay so they will go on a month-to-month okay ending of the
tenancy the landowner and tenant must follow the rules of the act when ending
the tenancy and it's the standard 60 days notice if they have a monthly or
fixed term tenancy so how does that work okay so you have a yearly tenancy right
let's say you're starting in March first so you better give 60 days in advance
that that you're leaving as tenant so you would give
On February January on December 31st that's right
on December 31st you would give #noticetovacate this and then if you switch on the monthly so
you cook you better and you start and start another one on another March 1st
2019 then you are switching automatically onto monthly tenancy and
let's say in in August you want for service you want to leave so you would
give your notice May 30th which is 60 days prior to that make it illegal
there are various stipulations for the landlord to end the tenancy which are
the usual ones that we had you can mutually agree to to end tenancy again
giving not notices rent and rental receives it depends how you agree on
today but the tenant should have a receipt for each for each and monthly
rent they paid deposits so the only deposit you can do is the rent deposit
for last month's rent okay and key deposit as discussed previously rent
increases this is like you can go get the schedule from the tenancy board and
you're going to get the increases and that that the longer can do. Vital
services everybody's entitled to vital services so the landowner cannot just go
in and cut off somebody's service harassment
discrimination and all the good things now this is not one of those entering
into rental unit okay so well usually the landlord gives 24 hours notice to make
repairs inspect the unit show the rental unit to possible buyer we can do this at
any time just need the 24-hour notice let a real estate agent show the unit to
possible buyer have a property inspection done before converting the
residential building into a condominium in case of emergency when tenant agrees
to it now this is kind of silly but I mean some people actually do this so the
landlord cannot change the locks of the rental unit unless the landlord gives the
new keys to the tenant the tenant cannot change the locks of the rental unit
without the consent of their landlord Assignments and sublets so that you can do
this guests the now that cannot tenants from having guests required required the
tenants to notify the landlord or get the landlords' permission before having guests
so basically you can have guests but obviously the problem is if if if these
guests destroy anything then then you as the principal lessee are required to
pay for those damages so make sure you know what guests you allow into the
house that's a tenancy agreement cannot with
animals in the rental unit or in around the residential building of course if
there are noises and damages
the landlord can can throw you out given the the right #evictionnotices
and all that smoking is not permitted you can smoke outside but not
in the unit because the health issue smoke and carbon monoxide alarms that's
that's standard and that's that's it guys prepare so you show you a half yes
so anyway in 2 days you can visit my blog and I'm gonna attach link to it in
the description section of this video and you can basically attach this and
you will be able to to see and download the actual #ResidentialTenancyAgreement
standard form of lease effective April 30 2018 and the nice thing it is
actually it's actually fillable so you can fill it out
print it and make the tenants sign your agreement when you find one okay
again my name is Tom Witek I'm with your choice Realty corp brokerage and
you can find more information about me at https://www.JustSellingHomes.ca
like this video please do subscribe we're gonna have other videos coming we
have 18 videos or so on my channel plus I'm working with another mortgage broker
who also posts videos on his channel and you can get more information about
issues related to #RealEstate so again please visit https://www.JustSellingHomes.ca
youtube channel is is this one I'm gonna put the link below thank you
Không có nhận xét nào:
Đăng nhận xét