The typical lease term for renting property in Canada is one year. Most landlords require a minimum lease term of one year, although some may be willing to offer shorter lease terms of six or nine months. After the initial lease term has expired, the lease may be renewed for another year or the tenant may choose to move out.
Difference between Furnished and Unfurnished Rental Properties in Canada
Furnished rental properties in Canada come with furniture and household items, such as a bed, sofa, dining table, and appliances like a refrigerator and stove. Unfurnished rental properties, on the other hand, do not come with any furniture or household items.
In a furnished rental property, the landlord is responsible for providing and maintaining the furniture and household items. In an unfurnished rental property, the tenant is responsible for providing their own furniture and household items.
Standard Clauses in a Lease Agreement in Canada
A lease agreement in Canada typically includes the following standard clauses:
- Identification of the landlord and tenant
- Description of the rental property
- Rent amount and payment terms
- Length of the lease term
- Responsibility for utilities and other services
- Responsibility for maintenance and repairs
- Prohibition of illegal activities
- Termination of the lease
- Assignment and subletting provisions
Additional Clauses in a Lease Agreement in Canada
In addition to the standard clauses, a lease agreement in Canada may also include additional clauses that are not mandatory, but are commonly included. These may include:
- Pet provisions
- Smoking restrictions
- Parking provisions
- Storage provisions
- Access provisions for the landlord
- Insurance requirements
Signing a Lease Contract in Canada
Expats should be especially aware of the following when signing a lease contract in Canada:
- Understanding the terms and conditions of the lease agreement
- Familiarizing themselves with Canadian laws and regulations related to renting property
- Verifying the landlord’s identity and the authenticity of the lease agreement
- Ensuring that the rental property is in good condition before moving in
- Being aware of their rights and responsibilities as a tenant
Condition Reports in Canada Before Signing a Lease Agreement
Condition reports are common in Canada before signing a lease agreement. A condition report is a document that lists the condition of the rental property at the time the lease is signed. It includes details on the condition of the walls, floors, doors, windows, appliances, and other features of the rental property.
Qualifications and/or Licenses for Letting Agents in Canada
Letting agents in Canada are not required to hold a specific license or certification to practice. However, many letting agents have a real estate license and have completed training and education in the field.
Association or Organisation for Reputable Letting Agencies in Canada
The Canadian Real Estate Association (CREA) is an organization that reputable letting agencies should be a member of. The CREA sets standards for ethical and professional conduct for its members and provides education and training opportunities for real estate professionals.
Contact Information for the Canadian Real Estate Association (CREA)
Address: 200 Catherine St., Ottawa, ON K2P 2K9, Canada
Phone: (613) 237-7111
Website: www.crea.ca
