Ontario: Renewing condo lease agreement after 1 year.
So I have been living in this unit for about a year and I am renewing the lease with my landlord.
First off, my understanding is that the lease will be automatically rolled into monthly basis, so I don't think I really need to sign a new month-to-month lease.
My first question is if the landlord wants to increase monthly payment, shall they send a new lease which states the new payment to tenants or they could just give a notice to tenants?
Anyways, my landlord sent out a new month-to-month lease to me with fixed term for the next 12 month (It states it is fine to terminate the agreement earlier as long as I give a 60 days notice, so I think it is fine), I wonder if this is this same as my original 1 year lease agreement which will also be automatically continued after the next 12 month legally?
Last question is the agreement also mentioned a last month rent as deposit, is it valid? Shall I still give them one extra month as deposit?
Any help would be appreciated!
Thanks!
First off, my understanding is that the lease will be automatically rolled into monthly basis, so I don't think I really need to sign a new month-to-month lease.
My first question is if the landlord wants to increase monthly payment, shall they send a new lease which states the new payment to tenants or they could just give a notice to tenants?
Anyways, my landlord sent out a new month-to-month lease to me with fixed term for the next 12 month (It states it is fine to terminate the agreement earlier as long as I give a 60 days notice, so I think it is fine), I wonder if this is this same as my original 1 year lease agreement which will also be automatically continued after the next 12 month legally?
Last question is the agreement also mentioned a last month rent as deposit, is it valid? Shall I still give them one extra month as deposit?
Any help would be appreciated!
Thanks!
Last edited by happypotato12 on Oct 17th, 2019 9:38 pm, edited 1 time in total.