Music hi this is Tom Wellock with your choice rookie and you can find more information about me after just selling homes dot CA and today I wanted to talk about new standardized lease agreements that are going to become effective April 30 2023 okay so I do have some notes here so I'm going to take a peek so recently that provincial government has released a new standardized lease agreement for private residential leases so so anytime you enter a lease agreement with a tenant for single homes semi-detached houses and town homes as well as apartment buildings rent and condominium units and secondary units such as basement dwelling stop Lexus and triplexes this new standardized lease agreements are effective as of April 30th 2023 the government states that all these is used by a landlord must be the newly enforced standardized lease they emphasize that for any lease that is signed after April 30 2023 that is not the standard lease your tenant will have the right to ask you for standardized lease in writing you as their lenders are now required by the law to prthe new standardized lease agreement within 21 days of the written request here comes the sticker the new standardized lease agreement if it's not provided your tenant can withhold one month's rent it's important for organized realistic industry to help landlords in this transition and to help to ensure that our clients the landlords and the tenants be 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 the tenancy agreement includes an attachment with additional terms that the landlord and tenant agreed to it will be very...
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