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Video instructions and help with filling out and completing Free standard residential lease agreement
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 2022 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 2022 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 2022 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 interesting to see what landlords will try to put in such an attachment and whether such terms will comply with various legislations in the current law if you require the new lease contact me and I will be glad to send you one you can reach me at just selling homes dot CA so why would the government implement the new standardized lease agreement I personally think this is a benefit to both the Lundell and the tenant I did examine the standardized lease agreement and I can share with you that it's a major improvement over the leases and structures that we had up to date the issue was that the landlord's were using all kinds of different leases with different wording and some were using illegal clauses within these leases without even knowing about it there are simply a few instances that you as as landlord cannot legally make tenants do the new standardized lease agreement will streamline the whole process and can cut down on what you can and cannot for example many landlords and tenants did not know that the tenant is not required to pay rent by post-dated checks now the new standard.