Everyone looks for the right rental home for themselves and their family. It takes time to find the right one, but once you find the right one, you are all excited to move in quickly. But before doing so, there are several things which you need to address properly. It is the rental agreement and rental laws that you should be aware of. Both the tenant and the landlord need to be fully aware of the rental laws. When you are aware of the laws, you can identify if there is something wrong in the agreement. And you will be able to take the right actions on any wrongdoing. So today, we discuss the rental laws of Calgary.
Law for Security Deposit
The security deposit is paid to the landlord for reimbursement if the tenant causes any damage to the property during the tenure. There are several other reasons for which a landlord can keep the amount as if the tenant owes money for rent, the rental home is not clean, or the tenant has not returned keys. If everything is alright, then the landlord has to give back the deposit and deliver a statement of account within 10 days.
Law for Lease Agreement
A lease is a contract between the landlord and tenant for the property that the tenant is renting. The lease includes rules and regulations that both the landlord and the tenant have to abide by. There is some information that every lease contract should include:
- Name of the people living in the rental home
- Name and contact of the landlord
- Address of the rental property
- Rent amount and method of payment
- Date from when the tenancy will start
- The kind of lease
- Amount of security deposit
All such information is vital and needs to be included in the lease. And two types of lease contracts are available, periodic tenancy and fixed-term lease. You can choose according to your needs and availability.
Law for Notices
The tenant and the landlord, both are liable to provide notices for specific things: A landlord has to provide notice of landlord so the tenant can contact, a notice of entry before visiting the property, a notice of rent increase, a notice of eviction and notice for termination of a periodic tenancy for allowable reasons.
The tenant has to provide notice to terminate a periodic tenancy, notice of objection to an eviction notice and a 14-day notice to the landlord. Sending these notices is a compulsion. Otherwise, the tenant or the landlord can face legal consequences.
These were only some of the rental laws of Calgary. There are many rental laws that need to be followed. Click here to read them thoroughly and ensure you follow the rental laws made by the government for Calgary. If you don’t understand laws, then you can rely on a professional consultant.