Residential Tenancy Agreement (Ontario)

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Agreement to Lease
Residential
11 Times-Roman

for use in the Province of Ontario

Form 400

This Agreement to Lease dated this.................................................................................. day of...................................................... 20.................. TENANT (Lessee),.............................................................................................................................................................................................. (Full legal names of all Tenants)

LANDLORD (Lessor),......................................................................................................................................................................................... (Full legal name of Landlord)

The Tenant hereby offers to lease from the Landlord the premises as described herein on the terms and subject to the conditions as set out in this Agreement. 1. PREMISES: Having inspected the premises and provided the present tenant vacates, I/we, the Tenant hereby offer to lease, premises known as: ................................................................................................................................................................................................................... 2. TERM OF LEASE: The lease shall be for a term of ..............................................................commencing............................................................. 3. RENT: The Tenant will pay to the said Landlord monthly and every month during the said term of the lease the sum of ................................................. ............................................................................................................................................Canadian Dollars(CDN$...................................), payable in advance on the first day of each and every month during the currency of the said term. First and last months’ rent to be paid in advance upon completion or date of occupancy, whichever comes first. 4. DEPOSIT AND PREPAID RENT: The Tenant delivers........................................................................................................................................ (Herewith/Upon acceptance/as otherwise described in this Agreement)

by negotiable cheque payable to............................................................................................................................................. ”Deposit Holder” in the amount of............................................................................................................................................................................................. Canadian Dollars (CDN$.........................................) as a deposit to be held in trust as security for the faithful performance by the Tenant of all terms, covenants and conditions of the Agreement and to be applied by the Landlord against the..................................... and............................month’s rent. If the Agreement is not accepted, the deposit is to be returned to the Tenant without interest or deduction. For the purposes of this Agreement, “Upon Acceptance” shall mean that the Tenant is required to deliver the deposit to the Deposit Holder within 24 hours of the acceptance of this Agreement. The parties to this Agreement hereby acknowledge that, unless otherwise provided for in this Agreement, the Deposit Holder shall place the deposit in trust in the Deposit Holder’s non-interest bearing Real Estate Trust Account and no interest shall be earned, received or paid on the deposit. 5. USE: The Tenant and Landlord agree that unless otherwise agreed to herein, only the Tenant named above and any person named in a Rental Application completed prior to this Agreement will occupy the premises. Premises to be used only...
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