Ok, so just to be clear, renewing a one year term at the expiration of the first year lease is an advantage to the landlord as this one year contract holds the tenant responsible for the entire term.
The tenant CAN however refuse to sign a one year term renewal and the law allows that tenant...
Thanks Thomas! I guess a tenant could also attempt to negotiate a new clause or price. No agreement defaults to month-to-month.
I wasn't able to find a clause in the act about the 60 days notice specific to a lease term.
Q. In Ontario a residential tenant can end any lease with 60 days...
I realize this is an old thread but a related question I have is. ..
From the perspective of each party, are there advantages or disadvantages to signing a new lease? In a renewal, can a new lease contain new clauses or otherwise be changed (baring increases to the rent payments above the...
Thanks, it is aparent that low to no appreciation is a constant in Niagara. What concerns me more is that the jobs and therefore tenant demand is very seasonal. Experienced property management is therefore key. Would any of your asociates be willing to call me? 416-807-0579
Thanks, Eric
I hope to revitalize this question as I am also looking for PM in Niagara Falls. I would also appreciate talking to anyone with tenants in Niagara falls to get an idea of the tenant profile and experienced vacancy rates (seasonal?) Thanks for your time.