Alberta Rental Agreement Extension
Step 3 – The next step is the duration of the agreed lease extension. The amount of the rent must also be entered (depending on whether the rent changes or remains the same). The lease is a contract concluded between the landlord and the tenant before the tenant moves. The agreement can be written, oral or tacit, but the written is always better because it provides evidence, there should be a problem. A temporary lease ends on the day indicated in the lease agreement, unless both parties agree to early termination. If, for example, the limited duration is between January 1 and December 31, the lease automatically ends on December 31. Unless the tenant and landlord make other arrangements, the tenant must move before noon on December 31. Tenants and landlords can terminate a lease for a variety of reasons, such as: there are, however, two situations where a tenant can stay in the rental unit without signing a new lease. The first is when the original lease contains a provision to extend the lease without notice after the lease expires. If the tenant decides to stay, the lease becomes a periodic lease. The second situation is that after the end of the lease, a tenant continues to reside in the rental building and the lessor continues to rent. In this situation, the temporary lease becomes a periodic lease. To terminate a periodic lease, the landlord and tenant must notify the other party in writing.
The landlord or manager sends the endorsement to the tenant. The endorsement is added to the current lease, with changes such as the renewal period and the new lease amount. Unless other changes are mentioned in the addendum, the remaining part of the rental agreement remains intact. The necessary notifications must be sent in a personal capacity or by registered letter. Tenants must use the postal address indicated in the « rental company message ». Owners must use the postal address of the rental premises. If a lessor wishes to carry out major renovations where the rental premises must be empty or if the lessor intends to transform the premises into a condo, the lessor must give the tenant a period of one year to terminate the periodic lease. Major renovations do not include painting, flooring replacement, or routine maintenance.
A lease cannot deprive the tenant of any of the right-wing rights defined in the Residential Tenancies Act (RTA). The temporary rental agreement ends without notice on the date indicated in the rental agreement. Landlords and tenants can agree to continue after the expiry of the term. The lease or « lease renewal » allows a lessor and tenant to extend a lease beyond its end date. The other terms of the rental agreement remain the same, unless they are amended accordingly. Depending on the economic conditions, the lessor may increase the monthly rent. The Housing Rental Act provides that a tenant will move at the end of the lease. .