Chapter 2.4: Commerical + Residential Tenancies Flashcards
The first thing we need to discern is between a ___________ and __________
Lease and a license
A ___________ creates an estate (interest) in _________
Lease
Land
A ____________ creates a landlord-tenant relationship
Lease
Leases provide exclusive ________________ to tenant
Possession
Meaning they must keep you for however long your lease agreement is
Leases can rely on the ______________
Residential tenancy act
If the property is sold, they cannot cancel your ________
Lease
What is an example of a license
Staying at a hotel!
A license is just a ______________
Contractual privilege
There is no estate / interest in land
With a license, no ___________________ relationship exists
Tenant-landlord
____________ cannot rely on the residential tenancy act (RTA)
License
If the property sells, they can cancel your __________ at any time
License
How to tell the different between a lease and license
Look for the intention!
Aka whether or not the agreement has granted exclusive possession to the tenant
Word check, if you see ‘exclusivity’ this implies ?
A lease!
Exclusive possession means what?
Access 24 hours a day, everyday
It equals a lease
When you are not able to access / do not have exclusive access 24/7, 365, what is it?
A license
Example: allowed from 9am-11pm
Next we need to discern between _________ and _________
Commercial and residential
____________ is governed by common law
Commercial
+ the commercial tenancy act
Commercial properties use _________ (aka _________)
Leases - aka contracts
Examples of commercial properties
Factories, warehouses, stores, and offices
_____________ is governed by statute law
Residential
+ residential tenancy act
Residential properties use __________________
Rental / tenancy agreements
“Rental units”
The Residential Tenancy Act does not apply to a number of things, such as?
Business purposes unit + dwellings unit attached that is rented under 1 lease
Cooperative non-profit housing rented to a member of the cooperative
Share bathroom or kitchen facilities with the owner of that accommodation
Communal living - sharing bathroom, Kitchens, and common areas
Tenancy agreements for term exceeding 20 years
Vacation or travel accommodations
Commercial tenancies
The Residential Tenancy Act does not apply to ___________________ + ______________ that is rented under one lease
Business purpose unit + a dwelling unit attached
The Residential Tenancy Act does not apply to __________________________ rented to a member of the cooperative
Cooperative non-profit housing
The Residential Tenancy Act does not apply to dwellings that share ______________ or ______________ facilities WITH THE OWNER of that accommodation
Share bathroom or kitchen
The Residential Tenancy Act does not apply to dwellings that offer ________________, such as sharing bathrooms, kitchens, and common areas
Communal living
The Residential Tenancy Act does not apply to tenancy agreement for a term exceeding _________
20 years
The Residential Tenancy Act does not apply to ______ or ________ accommodation
Vacation or travel
The Residential Tenancy Act does not apply to ____________, duhhh
Commercial tenancies
__________ of over 3 years should be in writing to be enforceable by the courts (law and equity act section 59)
Lease
For commercial agreements….
A lease should include
1) names of parties
2) description of the premises demised (leased)
3) the commencement of the term (usually a specific date)
4) the rent
5) any other material terms of the contract
_______________ be in writing, signed, and dated by both the landlord and tenant, and written in a manner that is easily read and understood by a reasonable person
Tenancy agreement
Tenancy agreement should include
1) the standard terms
2) names of the landlord and tenant
3) address of the rental unit, address, and contact number of the landlord / agent
4) dates the tenancy agreement is entered into and tenancy starts, rent due date
5) amount of rent payable
6) security deposit or pet damage deposit
7) tenancy type (fixed or periodic)
8) signatures of the parties
What is not required in a Tenancy Agreement?
- Previous address(es)
* Occupation information
A fixed tenancy _______ and _______ on specific dates
Starts and Ends
A commercial (lease) fixed tenancy
Cannot give notice until the end of the term
No notice required to vacate at the end
A ___________________ auto renews at the end of a period
Periodic tenancy
A commercial (lease) periodic tenancy requires ____________________________
Reasonable notice to end tenancy
A ___________________ is where the tenants occupy the land for a term, which can be terminated by ___________________
Tenancy at will
Either party at anytime
A commercial (lease) tenancy at will
Created and terminated ‘at will’
Usually has no contract
Can be rent free
Example of commercial (lease) tenancy at will
Seasonal shop such as Halloween alley
Commercial (lease) tenancy at sufferance
Landlord refuses to accept rent from his tenant due to ‘hold-over’ after lease expires
Doubles tenants rent if not moved out
Residential (tenancy agreement) fixed tenancy
Cannot give notice until the end of the term
On expiry: automatically renews to periodic tenancy (aka month to month)
Residential (tenancy agreement) periodic tenancy
Landlord notice is 2 months + 1 month compensation
Tenant gives 1 months notice
Residential (Tenancy Agreement) tenancy at will
Does not apply!
Residential (Tenancy Agreement) tenancy at Sufferance
Does not apply to residential matters
The _________ needs to be collected at the _______________, and you cannot collect it at a later date
Deposit
Start of the term
Commercial deposit specifics
No min or maximum deposit
Landlord who collected the deposit is personally liable for the return of the security deposit
Security Deposit Residential
Refundable: 1/2 months rent + 1/2 months pet + key fob
Non-refundable: move-in (out) fee, replacement keys, fee for bounced cheque, services requested by tenant
Rent for amount commercial properties
No minimum or maximum set, whatever you agree on
No increase in rent during a fixed term
Residential rent increase for periodic tenancy
After 12 months from last rent increase
Or can set a new rent amount when a new tenant moves in
3 months written notice is required
Residential rent increase fixed tenancy
Can present the tenant with entirely new lease agreement with new rent
Consumer price index (CPI) and its relation to residential rent increases
Unless the landlord receives approval for a larger increase, the maximum rent increase is limited to CPI