Minto Lease Agreement

In addition, tenants cannot apply for a standard rent if they sign a fixed-term lease before April 30, 2018 and are automatically renewed to a monthly lease after April 30, 2018. If the landlord does not provide the standard tenancy agreement within 21 days of the tenant`s written request, the tenant may allow 60 days to cancel an annual or temporary rent. For the purposes of this provision, “smoke” means inhalation: Exhale, burn or control a burnt cigarette, a burnt cigarette, a cigar, a whistle, a hook pipe or any other light smoke device intended for the incineration of tobacco or other substances, including, but not limited, to cannabis under the SC Act 2018, c16, modified from time to time , for inhaling or consuming its emission. The violation of this provision is considered a substantial breach of the lease and a reason for termination. Tenants cannot apply for a standard lease if they have entered into a lease before April 30, 2018, unless they and their landlord negotiate a new lease with new terms on or after that date. If the landlord does not set the standard tenancy agreement within 30 days of the start of the re-booking of the rent, the tenant is not obliged to pay the rent for one month. Please note that you cannot withhold more than one month`s rent and you must continue to pay your rent for the duration of your lease, even if your landlord never grants you the standard tenancy agreement. However, if there are no standard rentals, specific rules allow you to terminate your fixed-term lease prematurely. If a landlord does not provide the standard tenancy agreement within 21 days of a tenant`s written request, the tenant can withhold one month`s rent. Tenants and all occupants of the premises, including but not limited, are not allowed to sell, distribute, plant or harvest cannabis or cannabis plants without the meaning of the Cannabis Act, SC 2018, c16 and the Cannabis Act, SO 2017, c26, in the modified version from time to time, anywhere in or in premises rented by the tenant. , the building in which the tenant`s premises are located, or in one of the common areas or adjacent lands of that building, is considered a serious violation of this provision as a substantial breach of the tenancy agreement and as a reason for termination. Additional conditions that are not compatible with a binding lease or ATR life are deemed to be non-applicable and not applicable.

When leases are re-delivered or renegotiated, Minto REIT is able to align these agreements with market demand. REIT signed approximately 300 new leases in the last quarter, resulting in a 12.9 percent increase in average monthly rents on these units – an expected increase in annualized revenue of about $600,000. The standard tenancy agreement uses an easy-to-understand language to help: if the landlord makes the standard tenancy agreement available to a tenant after the tenant has requested it, but the tenant does not accept the proposed conditions (for example. B a new term is added), the tenant can give the landlord 60 days` notice to cancel an annual or fixed-term rent. Other types of housing excluded from the RTA, such as Z.B. Member units in co-op housing and transitional housing programs that meet certain requirements are also excluded from the standard rent.