The Ontario lease agreement must contain the following data: If both parties sign the lease, it is retained for the duration of the rent for the personal registration of each party. The new form contains mandatory clauses and standardized information that requires lenders to enter into a written lease on April 30, 2018. Owners can add clauses to section 15 of the new standard form of rental to address conditions and/or describe the responsibilities that apply to their lease or rental unit. If the landlord and tenants have other agreements or obligations, these documents must be attached. The contract must be signed by the landlord and tenant. The approximate time for the conclusion of this agreement is 30 minutes. All landlords who rent in Ontario should be aware that the province has introduced a new standard leasing method that is to be used for written leases in Ontario that will be concluded on April 30, 2018 and beyond. Please terminate the use of your current rental or rental agreement and obtain a copy of the standard contract issued by the Ministry of Housing. The main purpose of this contract is to determine the terms of the lease; The sum of the monthly rent The terms and conditions for payment of supply fees; maintenance conditions for the devices, etc. The agreement is very important in the event of a dispute. Before renting an apartment or a house, the landlord and tenant want to cover themselves with a legal document.