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In Veysoglu v O'Keefe and Goudie, [7] the court held that notice was not necessary because the lease agreement specifically provided that the balance of rent owed for the full term of the lease became due upon repudiation of the lease by the tenant. The court found that the explicit recognition of the right of action negated the need for notice ...
A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1]
The National Housing Act (French: Loi nationale sur l’habitation, NHA) is the primary federal law concerning housing in Canada.More specifically, it is intended to promote the construction of new houses, the repair and modernization of existing houses, and the improvement of housing and living conditions.
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
In 1998 the provincial government abdicated itself of social housing authority which was given to municipalities. [14] In 1999 a federal-provincial agreement was signed, which resulted in the Ontario government assuming responsibility for the province's Rent Supplement Program. [14] In 2000, the Social Housing Reform Act was created. [14]
The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
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