If you have a guarantor, the landlord will have them sign an agreement that describes their responsibilities.įind out what your rental agreement or lease should include. If there’s a dispute later, the rental agreement helps to settle it. When you sign a rental agreement, you’re agreeing to respect those terms and rules.Ī written rental agreement is an official record of what you and the landlord agree to. The contract may also include other terms and rules. In return, the tenant commits to paying rent. The landlord grants the tenant the right to occupy a rental unit. What you should know about rental agreementsĪ rental agreement, or lease, is a contract between a landlord and a tenant. Use the Budget Planner to plan your budget. While you get ready to move, stay organized, stay on track and stay on budget. For example, if your gross pay is $4,000 a month, limit your housing costs to $1,400 a month. Your gross household income is all income you receive before taxes and deductions. In general, your rent and household-related expenses should not be higher than 35% of your gross household income. Spending too much on rent may make it difficult to cover your other expenses or save for the future.
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The guarantor agrees to pay for you if you’re unable to pay your rent. A guarantor is usually a parent or guardian with a good credit history. If you have no credit history, or have had credit trouble, a landlord may ask you for a guarantor. Some landlords may check your credit report to be sure you’ll pay the rent on time. Your credit report can affect your options when you decide to move out on your own. Use the Affordability Calculator to compare your options based on your financial situation.
renting may be cheaper than buying a home. if something breaks, and you’re not responsible, a superintendent or landlord will usually replace or repair it. Other advantages of renting include the following: Learn more about maintenance and repairs in this guide from the Canada Mortgage and Housing Corporation (CMHC). utilities such as water if included in the rent. If you choose to rent, you should not have to pay for: Deciding whether to rent or buy a home depends on your needs and financial circumstances. Instead of renting, you may be considering buying a home. Knowing the costs of renting ahead of time will help you prepare a realistic budget. Wherever you live, your basic expenses will be more than just the cost of rent. You may want to rent an apartment a house or a room. Firearms, weapons, fireworks, candles, burning incense, etc.Before you move out on your own, consider the costs. Alcohol, tobacco, or drugs, or paraphernalia, advertising, or apparel portraying such items. Racially offensive and/or sexually explicit posters/flags/apparel. Appliances (other than those listed above appliances in dorm kitchens are not permitted), No appliances are permitted in dorm rooms. Bike (to be stored in secured bike storage), sports equipment, etc. Maximum 1 kettle and 1 toaster per lounge area (to avoid electrical overload). Best to wait before purchasing these items to see if your dorm already has one available for use. Toaster/Kettle (these items are only allowed in the kitchen area of dorms – they are NOT permitted in dorm rooms and will be removed if found. Small pins, removable tape or mounting putty for hanging pictures/posters (tape, staples, nails etc. Personal toiletries (you may want a carry-case to hold such items), soap, laundry soap, and other cleaning supplies. Bedding (twin size sheets, blankets/comforter, pillow). Undergraduate Student Research Awards (USRA). Crow's Nest Ecological Research Area (CNERA). Internal Postings and Call for Proposals. Sexualized Violence Information & Response. 
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