UPDATED ONTARIO STANDARD LEASE MUST BE USED FOR TENANCIES BEGINNING MARCH 1ST
Posted: March 1st, 2021, 11:00 am
Reminder to landlords in Ontario on March 1st, 2021 we must use the new version of the government lease
Ontario landlords know that we need to use the Ontario Standard Form Of Lease. Previously, residential landlords were allowed to create their own leases customized for their tenants.
Fortunately, with the government lease landlords can still add important clauses to protect our rental properties.
What’s Different About The Updated Lease?
OLA members have been discussing this on our forum. Some of the changes include things like allowing for the use of electronic signatures and clarifying the penalties for not following the rules and for “bad faith” evictions.
Where Can I Download The New Updated Lease?
Please click this LINK to download the updated lease
http://www.forms.ssb.gov.on.ca/mbs/ssb/ ... =047-2229E
Where Can I Discuss The Updated Lease And How To Add Lease Clauses?
Join our busy Members forum to discuss this and all other questions you have.
The key to being a successful Ontario landlord to to be proactive and solve issues before they become larger problems.
Read more at:
https://ontariolandlords.org/blog/updat ... -1st-2021/