If you`re in the market for a short-term lease agreement in Alberta, there are a few things you should know before you sign on the dotted line. In this article, we`ll cover the basics of short-term leases in Alberta, what to look for in a lease agreement, and common questions you may have about renting on a short-term basis.
What is a short-term lease agreement?
A short-term lease agreement is a rental contract that lasts for a shorter period of time than a traditional lease. While traditional leases typically last for one year or more, short-term leases can range from a few weeks to several months. Short-term leases are ideal for tenants who need temporary housing, such as students, seasonal workers, or those in transition between homes.
What to look for in a short-term lease agreement
When searching for a short-term lease agreement in Alberta, it`s important to carefully review the terms and conditions of the lease before signing. Here are a few key elements to look for:
1. Rental period: Make sure the rental period is clearly stated in the lease agreement. This will ensure that both you and the landlord are on the same page regarding how long you will be renting the property.
2. Rent and security deposit: Verify the amount of rent and security deposit required for the rental. In Alberta, landlords are allowed to charge a maximum security deposit equal to one month`s rent.
3. Maintenance and repairs: Review the landlord`s responsibilities for maintenance and repairs on the property. This will help you understand who to contact in case of any issues that may arise during your tenancy.
4. Termination clause: Look for a termination clause in the lease that outlines the conditions for early termination of the agreement. This will give you the option to end the lease early if you need to move out before the rental period is over.
Common questions about short-term leases in Alberta
Here are some common questions you may have about short-term leases in Alberta:
1. Can I sublet my rental unit on a short-term lease? It depends on the terms of the lease agreement and the landlord`s policies. Some landlords do not allow subletting, while others may allow it with prior approval.
2. Can my landlord increase the rent during my short-term lease? No, landlords cannot increase the rent during the rental period specified in the lease agreement.
3. What happens if I stay past the end of my short-term lease? If you stay past the end of your lease without the landlord`s permission, you may be considered a holdover tenant and may be subject to eviction.
In conclusion, short-term leases can be a great option for tenants in Alberta who need temporary housing. Before signing a lease agreement, be sure to review the terms and conditions carefully and ask any questions you may have about the rental. With proper research and planning, you can find a short-term rental that meets your needs and fits your budget.