As a property owner, it’s important to know the laws in Alberta before you rent out your property. The same goes for any tenant who rents out a property in Alberta. A landlord may want to know what your rights and responsibilities are as a landlord and tenant. You may also want to have an overview of the most important laws to abide by.
So, for all Alberta landlords and tenants, this article will provide you with information regarding just that.
Written or Verbal Agreement
Before a renter moves into an Alberta property, they need to sign a residential tenancies act. This is basically the lease or rental agreement containing all the information that each party needs to abide by. This rental agreement or lease can either be written or verbal, but it is always better to have everything in writing in case one of the parties breaks any of the terms in the rental agreement.
If the residential tenancies act is verbal, it will not go too far in court if anything were to occur. In Alberta, the lease or landlord-tenant agreement can be a fixed-term or periodic, as long as both parties agree with what they are signing.
Fixed-Term Agreement
A fixed-term agreement will begin on a certain day and will end on a certain day.
As part of their rights and responsibilities, tenants in Alberta will have to move into the rented premises on the day of the contract and will have to move out on the day the contract ends. The tenancy will end when the agreement date ends. No notice will be required for this.
Periodic Tenancy Agreement
A periodic tenancy agreement has an open-end date but a firm move-in date. According to the law, the landlord and tenant can end this agreement by giving appropriate notice. There is no one periodic tenancy agreement, which means that this type of contract can go year-to-year, month-to-month, or week-to-week. It all depends on what each party agrees on.
Who Can & Cannot Stay on the Property?
It’s important to only allow renters who are registered on the lease to stay at the Alberta property for a long period of time. The tenant cannot allow another person to live at the property they are paying rent for without discussing with their landlord.
It’s also for health and safety reasons. Depending on the situation and if the renter has unauthorized tenants living at the property, the landlord may have the authority to provide that person notice to leave the Alberta property.
Security Deposits
In most cases, property owners may require a security deposit (often referred to as a damage deposit) from his or her tenants. This is to ensure that if there is any damage to your Alberta property from the new tenant that this deposit will help cover the cost of repairs.
A renter should not pay more than one month’s rent as their damage or security deposit. A crucial piece of information to remember is that the property owner cannot increase the security deposit even if they increase the rent.
Property owners in Alberta must put the security or damage deposit in a trust fund within two days of collecting it.
Upon a move-out, the Alberta property owner must return the security or damage deposit in full if no rent or other costs are owed on the contract. Moreover, this is also the case if there is no damage that is done on the property, aside from normal wear and tear.
Wear and tear on a rental property is deterioration that occurs over time by renting out the property. Tenants in Alberta must make sure that the property is in good standards upon leaving and that it is also clean. For more information about the difference between normal wear and tear and property damage in your Alberta property, click here.
Responsibilities of Landlords and Tenants
Alberta landlords and tenants, you have your own unique rights and responsibilities.
We will provide you with a list of those responsibilities here:
As a tenant renting in Alberta, it is up to you to:
- Pay rent on time every month or whatever you and your property owner agreed on.
- Be considerate about other people living in the premises (especially in common areas) if applicable and of the landlord’s rules.
- Not perform any illegal acts on the property.
- Keep a clean rental property that’s in good standards according to the health and safety laws.
- Not use the property for business purposes unless the property owner has given you permission.
- Move out on the agreed date in the lease terms.
- Abide by all the rules in the agreement between the landlord and tenant.
As a property owner in Alberta, you are responsible for:
- Making sure the Alberta property is ready for the move-in-date for the renter(s).
- Providing the residential tenancies act before a tenant moves in.
- Ensuring you provide a clean rental property that is up to health standards.
- Do not bother the tenant and contact them with a proper notice if you need to visit the rental property.
- Make sure the premises are livable throughout the whole period the tenant(s) are renting from you and conduct any necessary repairs.
- Contact your tenants with written notice of the landlord within 7 days after they have moved in.
- If necessary, conduct evictions in proper accordance with the law.
If you’re a property owner in Alberta and don’t think you have the time to take on these responsibilities, we may be able to help! A professional property management company like us can do all the tasks for you.
We follow the Alberta landlord-tenant laws as well as the Alberta Human Rights Act to ensure a smooth legal process. As a professional property manager, we would be happy to provide you with peace of mind. If you have any questions about your rights and responsibilities under landlord-tenant law, contact Real Canadian Property Management Solutions today!