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Updated over 7 years ago on . Most recent reply

User Stats

4
Posts
2
Votes
Brian C.
  • Investor
  • Toronto, Ontario
2
Votes |
4
Posts

Standardized Leases (Ontario Fair Housing Plan)

Brian C.
  • Investor
  • Toronto, Ontario
Posted

So as part of Ontario's Fair Housing Plan, they stated that they would be introducing standardized leases:

  1. The government will introduce legislation that would, if passed, strengthen the Residential Tenancies Act to further protect tenants and ensure predictability for landlords. This will include developing a standard lease with explanatory information available in multiple languages, tightening provisions for "landlord's own use" evictions, and ensuring that tenants are adequately compensated if asked to vacate under this rule; prohibiting above-guideline increases where elevator work orders have not been completed; and making technical changes at the Landlord-Tenant Board to make the process fairer and easier for renters and landlords. These changes would apply to the entire province.

https://news.ontario.ca/mof/en/2017/04/ontarios-fa...

Has anyone heard anything about this? Have the provincial government released anything yet? I'm signing a few tenants in the next few months, and want to stay on top of this.

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