Calgary Residential Tenancy Agreement: What You Need to Know
Are you moving to Calgary and planning to rent a property for your stay? It is important that you understand the Residential Tenancy Agreement (RTA) in Calgary to ensure that you and your landlord are clear on the terms and conditions of the rental agreement.
The RTA is a legal contract between a landlord and a tenant, outlining the rights and obligations of each party. The agreement includes a wide range of information, such as payment terms, length of lease, security deposit, and rent increases. Additionally, the RTA covers what is expected of tenants and landlords during their tenancy, helping to ensure a positive experience for everyone involved.
Here are some important points to keep in mind when reviewing and signing a Calgary Residential Tenancy Agreement.
Responsibilities of the Landlord
The landlord is responsible for providing a safe and habitable residence for the tenant. The property must be fit for occupancy and comply with building codes. Additionally, the landlord is responsible for maintaining the property and making necessary repairs to ensure the property is in good condition.
Responsibilities of the Tenant
As a tenant, you are responsible for paying rent on time and keeping the property clean and tidy. You are also responsible for reporting any necessary repairs to the landlord in a timely manner and taking care of the property during your stay. In some cases, tenants may be responsible for utility bills such as electricity and water, depending on the terms of the RTA.
Security Deposits
A landlord can require a security deposit as part of the rental agreement. This deposit is typically used to cover any damages to the property beyond normal wear and tear. Security deposits cannot exceed one month`s rent, and must be returned to the tenant within 10 days after the end of the lease, unless there are damages that need to be repaired.
Rent Increases
A landlord can increase rent once every 12 months, and must provide the tenant with written notice at least three months before the increase takes effect. The increase cannot exceed the percentage allowed by the government of Alberta.
Termination of the Lease
The lease can be terminated by either the landlord or the tenant. If the tenant chooses to end the lease early, they may be required to pay a lease termination fee. Additionally, a landlord may terminate the lease if the tenant fails to pay rent, damages the property, or violates the terms of the rental agreement.
In conclusion, it is important to read and understand the Calgary Residential Tenancy Agreement before signing. This agreement outlines the rights and responsibilities of both tenants and landlords, and helps to ensure a positive rental experience for everyone involved. By following the rules and guidelines outlined in the RTA, you can help to maintain a good relationship with your landlord and enjoy your stay in Calgary.