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Exemptions exist where the Government is the landlord and the rent is tied to the tenant's income. Fixed term leases are permitted by the Act, but if the landlord allows the tenant to stay longer without entering into a new fixed term lease, the lease turns into a month-to-month lease that only the tenant can cancel without cause.
The time use of a chattel or other so called "personal property" is covered under general contract law, but the term lease also nowadays extends to long term rental contracts of more expensive non-Real properties such as automobiles, boats, planes, office equipment and so forth. The distinction in that case is long term versus short term rentals.
A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.
OTTAWA (Reuters) -Canada plans to ease a housing shortage by leasing public land to developers for construction of affordable houses under a plan unveiled by Prime Minister Justin Trudeau on ...
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.
The Special Committee, which was commissioned to study Canadian housing, recommended that an independent agency be established for the purpose of administering the Act; [1] however, the government didn't take any action to this effect. [1] The DHA was abandoned in 1938, at which time it was replaced by the National Housing Act. [1]
In 2003, the Canada Border Services Agency (CBSA) was created out of the CCRA, leading to customs being dropped from the agency's mandate and the agency's current name. The CRA is the largest organization in the Canadian federal public service by number of personnel, employing 54,933 people and has an operating budget of $5.1 billion [ 7 ] as ...
The department is responsible for the procurement for other government departments and serves as the central purchasing agent, real property manager, treasurer, accountant, pay and pension administrator, integrity adviser and linguistic authority; it was recognized in 2018 as one of Canada's Best Diversity Employers. [1]