Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Ontario Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

972
Posts
958
Votes
Doug Pretorius
  • Investor
  • Kitchener-Waterloo, Ontario
958
Votes |
972
Posts

New Standard Lease for Ontario

Doug Pretorius
  • Investor
  • Kitchener-Waterloo, Ontario
Posted

In case anyone missed it, thought I'd share that as of April 30, 2018 most residential leases must use the new Ontario Standard Lease agreement.

Here's a link for more info and to download the form: http://www.mah.gov.on.ca/Page18704.aspx

Most Popular Reply

User Stats

692
Posts
312
Votes
Matt Geerts
  • Investor
  • St. Thomas, Ontario
312
Votes |
692
Posts
Matt Geerts
  • Investor
  • St. Thomas, Ontario
Replied

DO NOT USE THIS LEASE WITHOUT SUBSTANTIAL ADDENDUM! You must use it, but it has zero landlord protection and is dripping with pro-tenant verbiage and notes. You are NOT protected by this lease on its own. There are a handful of good addendum suppliers in Ontario including LPMA and Harry Fine paralegal.

You must also be careful of traps they've put in, such as the agreement to serve by email is ONLY for tenants, not landlords. There's more in there. Buy an addendum package.

Good luck everybody!

(By the way, despite popular outcry, there are no new rules or laws in this lease. If you didn't know those notes were true, you haven't read the RTA. GO READ IT)

Loading replies...