Rental Property Law Tips
Rental Property Law Tips
February 18, 2025 at 04:24 PM
Such interesting answers, so here’s ours: *So How Long Must a Lease Be to Be Considered Fixed-Term Under the CPA?* A lease must be for a definite period to be classified as fixed-term, meaning it has a clear start and end date. *The Critical 80 Business Days in Section 14* Section 14 of the CPA requires that a landlord notify the tenant in writing at least 40 to 80 business days before expiry of the lease. This notification must: ✔️ Inform the tenant that the lease is ending ✔️ Give the tenant an option to renew or let the lease expire ✔️ Explain any changes to the terms if the lease is renewed *How Long Must a Lease Be to Ensure Compliance?* Since 80 business days (about four months) are required for notice under Section 14, a lease must be at least four months long to accommodate this mandatory requirement. Otherwise, it might be argued that the lease does not meet the CPA’s intention of a fixed-term agreement.
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