The Fixed Term Lease agreement is a fundamental document in Canadian property law, designed to create a legally binding tenancy arrangement for a specific duration. This document is essential when parties wish to establish a lease with a defined start and end date, rather than a month-to-month arrangement. It's commonly used in both residential and commercial contexts across Canadian provinces, incorporating provincial-specific legal requirements and mandatory disclosures. The agreement should be used whenever a landlord is renting out a property for a fixed period, typically ranging from six months to several years. It includes crucial information about rent payments, security deposits, maintenance responsibilities, and other key terms of the tenancy, while ensuring compliance with relevant provincial residential tenancy acts and federal regulations.
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1. Parties: Identification of landlord and tenant(s) with full legal names and contact information
2. Background: Brief context about the lease arrangement and property
3. Definitions: Key terms used throughout the lease agreement
4. Premises: Detailed description of the rental property and any included facilities
5. Term: Duration of the lease, including start and end dates
6. Rent: Amount, payment schedule, accepted methods of payment
7. Utilities and Services: Specification of which utilities are included in rent and which are tenant's responsibility
8. Security Deposit: Amount, terms of holding and conditions for return
9. Use of Premises: Permitted uses of the property and any restrictions
10. Maintenance and Repairs: Responsibilities of landlord and tenant for property maintenance
11. Insurance: Required insurance coverage for both parties
12. Access: Landlord's rights to enter the property and notice requirements
13. Assignment and Subletting: Terms regarding transfer of lease or subletting
14. Default and Remedies: Consequences of lease violations and available remedies
15. Termination: Conditions and process for ending the lease
16. Notice: How formal notices must be given between parties
17. Governing Law: Specification of applicable provincial law
18. Entire Agreement: Clause confirming the lease contains all terms agreed upon
1. Pets: Terms regarding pet ownership - include if pets are allowed
2. Smoking: Smoking policies - include if specific smoking restrictions apply
3. Parking: Parking arrangements - include if parking is available
4. Common Areas: Rules for shared spaces - include for multi-unit buildings
5. Renovations: Terms for property modifications - include if renovations are contemplated
6. Guest Policy: Rules regarding overnight guests - include if specific restrictions apply
7. Property Management: Include if property is managed by third party
8. Special Amenities: Include if property includes special facilities like gym, pool
9. Cannabis Use: Include specific terms regarding cannabis use where relevant
1. Schedule A - Property Inventory: Detailed list of furniture and appliances included
2. Schedule B - Property Condition Report: Documentation of property condition at move-in
3. Schedule C - Building Rules: Specific rules and regulations for the building
4. Schedule D - Parking Plan: Diagram or description of parking arrangements
5. Schedule E - Maintenance Schedule: Regular maintenance tasks and schedules
6. Appendix 1 - Required Disclosures: Mandatory provincial legal disclosures
7. Appendix 2 - Contact Information: Emergency contacts and service providers
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