Contracts & Payments
Renting out space in your home?
If you are planning to rent out a suite in your basement or an extra room in your home, be sure to discuss your expectations with your tenant ahead of time and have a written tenancy agreement in place.
When renting out a suite in your home, you have rights and responsibilities outlined in a provincial law called the Residential Tenancies Act. However, if your tenant is renting a room and using other common areas of your home like the kitchen, then the Residential Tenancies Act doesn’t apply. In this case, the written tenancy agreement signed with your tenant will be considered a lease contract and will be enforceable through the courts.
All rental agreements should be in writing and include details about landlord and tenant responsibilities, security deposit, inspections, rent and termination notices.
