Step 3
Approved: your next steps
1. Your lease
12-month lease (our standard)
A fixed-term lease for 12 months with a start and end date in the agreement, renewed each year. Rent is reviewed at each renewal, and any new terms are offered to you in writing before the term ends.
How we serve notices on you
Legal notices from us (for example a rent increase, lease renewal or notice to end) use the approved form from the Office of Residential Tenancies (ORT). We post the notice on your front door and email it to you as a PDF the same day.
RTA s.82(2); The Electronic Information and Documents Act, 2000 s.13
Every agreement includes the standard conditions in Schedule 1 of The Residential Tenancies Act, 2006.
2. Security deposit
- When you sign, you pay your first month's rent plus 50% of the security deposit.
- The security deposit can't be more than one month's rent.
- The balance of the deposit is due by the date written in your agreement, no later than 2 months after you move in (The Residential Tenancies Act, 2006, s.26(4)).
- Your deposit is held in trust as The Residential Tenancies Act, 2006 requires.
- Pets are allowed at houses only, with our prior written approval naming each pet (maximum 2). Pet rent is $75 a month per approved pet, paid with your monthly rent. It's rent, not part of the deposit.
| Monthly rent | $ ____ (set by owner) |
|---|---|
| First month's rent (paid at signing) | $ ____ (set by owner) |
| Security deposit (max. 1 month's rent) | $ ____ (set by owner) |
| Paid at signing (50% of the deposit) | $ ____ (set by owner) |
| Deposit balance and due date (no later than 2 months after move-in) | $ ____ (set in agreement) |
How rent is paid
Rent is paid by Interac e-Transfer only. Please set it up as a recurring monthly e-Transfer from your bank so it arrives by the 1st of each month.
Send to jdpropertiescorp@gmail.com with RENT and your suite code in the message, for example RENT TM-104. We give you your suite code when you sign.
How to set up a recurring e-Transfer
We'll never ask for your online banking password or account details.
3. Sign your agreement
We'll email you the agreement to sign electronically, or arrange signing in person. Your tenancy only exists once both you and we have signed.
If you change your mind after signing
- Your tenancy starts on the start date in your agreement, whether or not you move in (The Residential Tenancies Act, 2006, s.13).
- The first month's rent you paid at signing is still owed.
- If we lose rent or have costs because a signed agreement isn't kept, we can claim against the deposit and apply to the Office of Residential Tenancies (ORT).