When it comes to renting a property in Nunavut, it is important to have a solid rental agreement in place. A rental agreement is a legally binding document that outlines the terms and conditions of the rental arrangement between the landlord and the tenant. It serves to protect both parties and ensures that everyone is clear on their rights and responsibilities. In this article, we will take a closer look at what a Nunavut rental agreement should include.

1. Names and addresses of the parties involved

The rental agreement should clearly indicate the names and addresses of both the landlord and the tenant. This ensures that both parties can be easily identified and contacted if necessary.

2. Lease term

The lease term is the length of time that the tenant is renting the property. This should be clearly outlined in the rental agreement. In Nunavut, a lease term is typically one year, but it can be shorter or longer depending on the agreement between the landlord and tenant.

3. Rent amount and due date

The rental agreement should clearly state the rent amount and when it is due. This ensures that the tenant knows how much they need to pay and when. It is important to note that in Nunavut, landlords must give tenants at least 60 days’ notice before increasing the rent.

4. Utilities and other costs

The rental agreement should clearly indicate which utilities and other costs are included in the rent and which are the responsibility of the tenant. In Nunavut, landlords are required to provide and pay for heat and hot water in residential rental properties.

5. Security deposit

The rental agreement should clearly state the amount of the security deposit and the conditions under which it will be returned to the tenant. In Nunavut, landlords must return the security deposit within 15 days of the end of the tenancy, provided there are no outstanding issues or damages.

6. Pets and smoking

The rental agreement should clearly indicate whether pets are allowed on the property and whether smoking is permitted inside. If pets are allowed, there may be additional conditions, such as a pet deposit or cleaning fee.

7. Maintenance and repairs

The rental agreement should clearly outline the landlord’s responsibilities for maintenance and repairs, as well as the tenant’s responsibilities for reporting issues and keeping the property clean and in good condition.

In conclusion, a Nunavut rental agreement is a crucial document that protects both landlords and tenants. It should clearly outline the terms and conditions of the rental arrangement, including the lease term, rent amount, utilities and other costs, security deposit, pets and smoking, and maintenance and repairs. It is important for landlords and tenants to carefully review and understand the rental agreement before signing it to ensure a smooth and successful rental experience.