The OrEA Standard Forms Committee will meet in the coming months to consider changes to the association`s clauses and forms to reflect this change. OREA will continue to inform REALTORS® and local authorities of the impact of the new lease agreement. The new rental form is written in plain language and is used to collect basic information such as names and addresses, total rent and when it expires, as well as any rules or conditions relating to the rental unit and the building. It also describes the rights and obligations of the tenant and landlord and explains what can and cannot be included in a rental agreement. OREA worked closely with the Ministry of Housing and participated in their consultations with a view to establishing a standardised rental agreement. OREA wanted to ensure that landlords and tenants had some flexibility in rental conditions. We were delighted that a “Additional Items” section was included in the rental agreement. If you have any questions, please contact OREA`s public relations team in firstname.lastname@example.org. OREA encourages its members to review the new standardized lease found here.
From 30 April 2018, all leases used by a lessor must be the new standardised lease. For any lease signed after this date and which is not the standard rental agreement, the tenant has the right to request in writing from the lessor a standardized rental agreement. The owner is required to provide one within 21 days of the request. If one is not provided, the tenant can withhold one month`s rent….