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Ontario Agreement to Lease Residential Form


Ontario Agreement to Lease Residential Form
Ontario Agreement to Lease Residential Form
Form 400 2008 Page 1 of 3
© 2008, Ontario Real Estate Association (“OREA”). All rights reserved. This form was developed by OREA for the use and reproduction
of its members and licensees only. Any other use or reproduction is prohibited except with prior written consent of OREA.
Agreement to Lease
Residential
Form
for use in the Province of Ontario
400
This Agreement to Lease dated this.................................................................................. day of...................................................... 20..................
TENANT (Lessee),..............................................................................................................................................................................................
(Full legal names of all Tenants)
LANDLORD (Lessor),.........................................................................................................................................................................................
(Full legal name of Landlord)
The Tenant hereby offers to lease from the Landlord the premises as described herein on the terms and subject to the conditions as set out in this Agreement.
1. PREMISES: Having inspected the premises and provided the present tenant vacates, I/we, the Tenant hereby offer to lease, premises known as:
...................................................................................................................................................................................................................
2. TERM OF LEASE: The lease shall be for a term of ..............................................................commencing.............................................................
3. RENT: The Tenant will pay to the said Landlord monthly and every month during the said term of the lease the sum of .................................................
............................................................................................................................................Canadian Dollars(CDN$...................................),
payable in advance on the first day of each and every month during the currency of the said term. First and last months’ rent to be paid in advance
upon completion or date of occupancy, whichever comes first.
4. DEPOSIT AND PREPAID RENT: The Tenant delivers........................................................................................................................................
(Herewith/Upon acceptance/as otherwise described in this Agreement)
by negotiable cheque payable to............................................................................................................................................. ”Deposit Holder”
in the amount of.............................................................................................................................................................................................
Canadian Dollars (CDN$.........................................) as a deposit to be held in trust as security for the faithful performance by the Tenant of all terms,
covenants and conditions of the Agreement and to be applied by the Landlord against the..................................... and............................month’s
rent. If the Agreement is not accepted, the deposit is to be returned to the Tenant without interest or deduction.
For the purposes of this Agreement, “Upon Acceptance” shall mean that the Tenant is required to deliver the deposit to the Deposit Holder within 24
hours of the acceptance of this Agreement. The parties to this Agreement hereby acknowledge that, unless otherwise provided for in this Agreement, the
Deposit Holder shall place the deposit in trust in the Deposit Holder’s non-interest bearing Real Estate Trust Account and no interest shall be earned,
received or paid on the deposit.
5. USE: The Tenant and Landlord agree that unless otherwise agreed to herein, only the Tenant named above and any person named in a
Rental Application completed prior to this Agreement will occupy the premises.
Premises to be used only for:............................................................................................................................................................................
6. SERVICES AND COSTS: The cost of the following services applicable to the premises shall be paid as follows:
LANDLORD TENANT LANDLORD TENANT
Gas
Cable TV
Oil
Condominium/Cooperative fees
Electricity
Other:............................................
Hot water heater rental
Other:............................................
Water and Sewerage Charges
Other:............................................
The Landlord will pay the property taxes, but if the Tenant is assessed as a Separate School Supporter, Tenant will pay to the Landlord a sum sufficient
to cover the excess of the Separate School Tax over the Public School Tax, if any, for a full calendar year, said sum to be estimated on the tax rate for
the current year, and to be payable in equal monthly installments in addition to the above mentioned rental, provided however, that the full amount
shall become due and be payable on demand on the Tenant.
INITIALS OF TENANT(S): INITIALS OF LANDLORD(S):
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Ontario Agreement to Lease Residential Form
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