New Residential Tenancy Lease Agreement

The New Mandatory Residential Tenancy Agreement (RTA)

• Created by the Ontario Government
• This Agreement must be used by all landlors of private residential rental units, including condominium units
• Beginning April 30, 2018: all Landlords must use the new mandatory Residential Tenancy Agreement Form (RTA) for all new leases
• This new standard form (RTA) attempts to clarify the rights and obligations of landlord and tenants 
• For rental of a condo, the new Form requires landlords to provide the condominium's governing documents and requires the tenant to abide by them
• Landlords have an obligation to provide tenants with a copy of the declaration, by-laws and rules of the corporation within 10 days of entering into the lease or its renewal
• The new Form (RTA) explicitly recognize that a landlord can require a tenant to comply with pet restrictions found in the condominium's rules

 A Guide To The Residential Tenancies Act

Call for more information
Patricia: 416-879-2094
patriciakatzrealestate@gmail.com

Patricia Katz, Broker

Freehold Average Sale Price in February 2018

Home Type	Area 416	Area 905
Detached	$1,282,240	$911,065
Semi-detached	$985,902	$648,338
Townhouse	$776,642	$600,671
Condo Aptt	$570,275	$435,216

Sutton Group-Associates Realty Inc., Brokerage