Rental Lease Agreement
In terms of the Rental Housing Act, leases need not be in writing. However, in order to ensure proper protection for both landlord and tenant, it is highly recommended that the lease agreement be reduced to writing.
A written lease agreement has to contain certain specific clauses. These would include, full details and addresses of the landlord and tenant; a proper description of the dwelling; what deposit is to be paid; details of the rental amount to be paid; when, how, and where rental payment to be made; any escalation to be applied and if so when and by what amount; under what circumstances the lease may be terminated; the duration of the lease; what additional charges the tenant would be liable for, for example, lights and water payments and so on. The lease agreement should also set out what the rights and obligations of both the landlord and the tenant are.