Music, hi, this is Tom Wellock with your choice rookie, and you can find more information about me at justsellinghomes.ca. Today, I wanted to talk about the new standardized lease agreements that will become effective on April 30, 2018. Okay, so I do have some notes here, so I'm going to take a peek. Recently, the provincial government released a new standardized lease agreement for private residential leases. So, anytime you enter a lease agreement with a tenant for single homes, semi-detached houses, townhomes, as well as apartment buildings, rent and condominium units, and secondary units such as basement dwellings, stoplexes, and triplexes, these new standardized lease agreements are effective as of April 30th, 2018. The government states that all leases used by landlords must be the newly enforced standardized lease. They emphasize that for any lease that is signed after April 30, 2018, that is not the standard lease, your tenant will have the right to ask you for a standardized lease in writing. You, as their landlord, are now required by law to provide the new standardized lease agreement within 21 days of the written request. Here comes the sticker, if the new standardized lease agreement is not provided, your tenant can withhold one month's rent. It's important for the organized real estate industry to help landlords in this transition and to ensure that our clients, the landlords and the tenants, are given some flexibility in terms of the lease. The government did listen to our appeals and has included an additional item section in the new standardized lease agreement. This is section 15, which states that the tenancy agreement includes an attachment with additional terms that the landlord and tenant agreed to. It will be very interesting to see what landlords will try to put in such an attachment and whether...
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