All residential leases signed on or after April 30, 2018 must be on the new Ontario standard lease form.
Changes to the Residential Tenancies Act makes it mandatory to use the standard lease template that is currently available only through the Government Forms Repository. According to information provided by the Ontario Real Estate Association (and sent by OREA to all members on March 21, 2018), OREA Form #400 – Agreement to Lease Residential can be used only to set up the terms of the lease and the standard lease template must be used to formalize the actual lease.
OREA is in the process of reviewing their Form #400 – Agreement to Lease Residential – and its associated clause for any revisions they may need.
Be sure you know the terms of the standard lease form for Monday, April 30, 2018!