A landlord client wants any tenant of her rented house to carry insurance. What does Ontario's standard form of lease allow the landlord and tenant to agree?
Correct Answer
A) That the tenant must carry liability insurance and show proof on request
The standard lease's tenant's insurance section lets the landlord and tenant agree whether the tenant must have liability insurance; if the landlord asks for proof of coverage, the tenant must provide it. Contents insurance is the tenant's own choice.
Why This Is the Correct Answer
Ontario's guide to the standard lease says the parties can agree the tenant must have liability insurance and must provide proof if the landlord asks.
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A landlord client wants an additional term in the lease saying that if the tenant is late with any rent payment, all rent for the rest of the one-year term becomes due immediately. How would this term be treated?
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A landlord client wants the lease to charge the tenant $50 for every rent cheque that is returned NSF. Under O. Reg. 516/06, what may the landlord charge for a returned cheque?