A lease agreement is entered into when one person, the landlord, gives use and enjoyment of his/her property (for example, a house, flat or room) to another person, the tenant, for a specific period of time in return for the payment of rent.
In terms of the Rental Housing Act, leases need not be in writing. However, in order to ensure proper protection for both landlord and tenant, it is highly recommended that the lease agreement be reduced to writing.
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