Three roommates sign one standard form of lease as co-tenants of a house for $3,300 a month. One roommate moves out and stops paying. Under the standard lease, what is the position of the two remaining tenants?
Correct Answer
C) Each tenant is responsible for all tenant obligations, including the full $3,300 rent
Ontario's guide to the standard lease explains that where there is more than one tenant, each tenant is responsible for all tenant obligations, including the full amount of rent. The landlord can look to the remaining tenants for the whole $3,300.
Why This Is the Correct Answer
The signatures section of the standard lease makes each tenant responsible for all tenant obligations, including the full rent of $3,300.
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The Tarion addendum to a new freehold home purchase agreement sets a Firm Closing Date. According to Tarion, how long after the Firm Closing Date is the Outside Closing Date, the latest closing date available to the builder?
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Two months before the Firm Closing Date, a province-wide strike halts work on a new freehold home for six weeks. The builder told the buyer when the strike began, estimated how long it would last, and gave written notice when it ended. What does the Tarion addendum allow?