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6.4 Tenancy Agreements - Review

  • A tenancy agreement is a legal contract between you and the landlord.
  • Verbal tenancies are covered by the Residential Tenancy Act, but not recommended.  It is best to have a written tenancy agreement containing all the standard terms required by law.
  • Your landlord cannot make you sign an agreement that avoids or contracts out of the law.
  • There are some very important terms to consider when negotiating a tenancy agreement
    • tenancy period (month-to-month or fixed-term)
    • how much rent is
    • what’s included in the rent
    • unique requirements
    • fees
  • If you will be renting with roommates, it is important to understand the different between co-tenants, tenants in common and subtenants.