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The Term of This Lease Shall Begin Insert Start Date and Terminate on Form

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The Term of This Lease Shall Begin Insert Start Date and Terminate on Form

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you signed a lease a year ago and your term is up you must renew now right actually that is not the case as a tenant you do not need to sign a new agreement to stay in the same place let me show you the snippet here is from the residential tenancy agreement that you have to sign before leasing a place in Ontario so the end of the agreement does not mean the tenant has to move out or sign a renewal or a new agreement to stay the rules for the agreement will still apply to the tenant and you have the right to stay on a monthly month-to-month basis if you're there for a fixed term depending on the age of your unit and some other factors landlords can increase rents this year by 1.2 percent legally and if they wait until 2023 they can increase your rents by 2.5 percent if your unit is rent controlled bottom line don't feel pressured to sign into agreement at the end of this term and know your rights tenants

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