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Fixed Term rental agreements are strict binding contacts that outline the terms of property rental for a set period of time - usually one year. These leases cannot be terminated until the end of the specified rental period, or unless there is a breach of the lease agreement or certain provisions of the Act itself, as laid out in the "Tenant's ...
The tenancy agreement for real estate is often called a lease, and usually involves specific property rights in real property, as opposed to chattels. In addition to the basics of a rental (who, what, when, how much), a real estate rental may go into much more detail on these and other issues.
A residential tenancy agreement in British Columbia is deemed to incorporate the standard terms established by provincial regulations made under the province's Residential Tenancy Act regardless of whether the agreement is in writing. [155] A tenancy agreement may require a deposit of up to half a month's rent [156] and may include a provision ...
This model is also used in the residential space, but mostly for small units in high-demand locations. Here, the company signs a rental agreement with the owner and pays them a fixed rent. As per the agreement, the company is given the right to sublet the property for a higher rent. The company's income is the difference between the two rents.
In the case of tenancy, the landlord may be a private individual, a non-profit organization such as a housing association, or a government body, as in public housing. Surveys used in social science research frequently include questions about housing tenure, because it is a useful proxy for income or wealth, and people are less reluctant to give ...
The RTA provides tenancy information, bond management, dispute resolution, compliance and enforcement, and education services. The RTA was previously known as the Rental Bond Authority and was established in 1989. In 1994, the name was changed, and the role of the organisation was expanded.
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