RESIDENTIAL LEASE AGREEMENT

THIS LEASE (the "Lease") dated this ________ day of ________________, ________

BETWEEN:

_________________________

(the "Landlord")

- AND-

_________________________

(the "Tenant")

(individually the “Party” and collectively the “Parties”)

IN CONSIDERATION OF the Landlord leasing certain premises to the Tenant and other valuable consideration, the receipt and sufficiency of which consideration is hereby acknowledged, the Parties agree as follows:

1. Leased Property
   
1. The Landlord agrees to rent to the Tenant the house, municipally described as __________ (the "Property"), for use as residential premises only.  
   
2. Subject to the provisions of this Lease, apart from the Tenant, no other persons will live in the Property without the prior written permission of the Landlord.
   
3. No guests of the Tenants may occupy the Property for longer than one week without the prior written consent of the Landlord.
   
4. No animals are allowed to be kept in or about the Property.
   
5. Parking space is not provided under the terms of this Lease and no vehicle may park on or about the Property.
   
6. The Tenant and members of the Tenant's household will not smoke anywhere in the Property nor permit any guests or visitors to smoke in the Property.
   
7. The Tenant and members of the Tenant's household will not vape anywhere in the Property nor permit any guests or visitors to vape in the Property.
   
8. Term
   
8. The term of the Lease commences at 12:00 noon on November 24, 2024, and ends at 12:00 noon on November 24, 2025.
   
9. Any notice to terminate this tenancy must comply with the applicable legislation of the Province of Alberta (the "Act").
   
10. Rent
    
10. Subject to the provisions of this Lease, the rent for the Property is $___________ per month (the "Rent").
    
11. The Tenant will pay the Rent on or before the first (1st) day of each and every month of the term of this Lease to the Landlord at __________ or at such other place as the Landlord may later designate by cash or cheque.
    
12. The Landlord may increase the Rent for the Property upon providing to the Tenant such notice as required by the Act.
    
13. Inspections
    
13. The Parties will complete, sign and date an inspection report at the beginning and at the end of this tenancy.
    
14. At all reasonable times during the term of this Lease and any renewal of this Lease, the Landlord and its agents may enter the Property to make inspections or repairs, or to show the Property to prospective tenants or purchasers in compliance with the Act.
    
15. Tenant Improvements
    
15. The Tenant will obtain written permission from the Landlord before doing any of the following:
    

    1. applying adhesive materials, or inserting nails or hooks in walls or ceilings other than two small picture hooks per wall;
       
    2. painting, wallpapering, redecorating or in any way significantly altering the appearance of the Property;
       
    3. removing or adding walls, or performing any structural alterations;
       
    4. installing a waterbed(s);
       
    5. changing the amount of heat or power normally used on the Property as well as installing additional electrical wiring or heating units;
       
    6. placing or exposing or allowing to be placed or exposed anywhere inside or outside the Property any placard, notice or sign for advertising or any other purpose; or
       
    7. affixing to or erecting upon or near the Property any radio or TV antenna or tower.
       
16. Utilities and Other Charges
    
16. The Tenant is responsible for the payment of all utilities in relation to the Property.
    
17. Insurance
    
17. The Tenant is hereby advised and understands that the personal property of the Tenant is not insured by the Landlord for either damage or loss, and the Landlord assumes no liability for any such loss.
    
18. The Tenant is not responsible for insuring the Landlord's contents and furnishings in or about the Property for either damage or loss, and the Tenant assumes no liability for any such loss.
    
19. Attorney Fees
    
19. In the event that any action is filed in relation to this Lease, the unsuccessful Party in the action will pay to the successful Party, in addition to all the sums that either Party may be called on to pay, a reasonable sum for the successful Party's attorney fees.
    
20. Governing Law
    
20. This Lease will be construed in accordance with and exclusively governed by the laws of the Province of Alberta.
    
21. Severability
    
21. If there is a conflict between any provision of this Lease and the Act, the Act will prevail and such provisions of the Lease will be amended or deleted as necessary in order to comply with the Act. Further, any provisions that are required by the Act are incorporated into this Lease.
    
22. The invalidity or unenforceability of any provisions of this Lease will not affect the validity or enforceability of any other provision of this Lease.  Such other provisions remain in full force and effect.
    
23. Amendment of Lease
    
23. This Lease may only be amended or modified by a written document executed by the Parties.
    
24. Assignment and Subletting
    
24. Without the prior, express, and written consent of the Landlord, the Tenant will not assign this Lease, or sublet or grant any concession or licence to use the Property or any part of the Property. A consent by the Landlord to one assignment, subletting, concession, or licence will not be deemed to be a consent to any subsequent assignment, subletting, concession, or licence. Any assignment, subletting, concession, or licence without the prior written consent of the Landlord, or an assignment or subletting by operation of law, will be void and will, at the Landlord's option, terminate this Lease.
    
25. Damage to Property
    
25. If the Property should be damaged other than by the Tenant's negligence or willful act or that of the Tenant's employee, family, agent, or visitor and the Landlord decides not to rebuild or repair the Property, the Landlord may end this Lease by giving appropriate notice.
    
26. Care and Use of Property
    
26. The Tenant will promptly notify the Landlord of any damage, or of any situation that may significantly interfere with the normal use of the Property or to any furnishings supplied by the Landlord.
    
27. The Tenant will not engage in any illegal trade or activity on or about the Property.
    
28. The Parties will comply with standards of health, sanitation, fire, housing and safety as required by law.
    
29. The Parties will use reasonable efforts to maintain the Property in such a condition as to prevent the accumulation of moisture and the growth of mold. The Tenant will promptly notify the Landlord in writing of any moisture accumulation that occurs or of any visible evidence of mold discovered by the Tenant. The Landlord will promptly respond to any such written notices from the Tenant.
    
30. If the Tenant is absent from the Property and the Property is unoccupied for a period of 4 consecutive days or longer, the Tenant will arrange for regular inspection by a competent person. The Landlord will be notified in advance as to the name, address and phone number of the person doing the inspections.
    
31. At the expiration of the term of this Lease, the Tenant will quit and surrender the Property in as good a state and condition as they were at the commencement of this Lease, reasonable use and wear and tear excepted.
    
32. Rules and Regulations
    
32. The Tenant will obey all rules and regulations of the Landlord regarding the Property.
    
33. Address for Notice
    
33. For any matter relating to this tenancy, the Tenant may be contacted at the Property or through the phone number below:
    

    1. Name: _________________________
       
    2. Phone:  _________________________
       
34. For any matter relating to this tenancy, whether during or after this tenancy has been terminated, the Landlord's address for notice is:
    

    1. Name: _________________________
       
    2. Address: __________
       

       The contact information for the Landlord is:

    3. Phone:  _________________________
       
35. General Provisions
    
35. All monetary amounts stated or referred to in this Lease are based in the Canadian dollar.
    
36. Any waiver by the Landlord of any failure by the Tenant to perform or observe the provisions of this Lease will not operate as a waiver of the Landlord's rights under this Lease in respect of any subsequent defaults, breaches or non-performance and will not defeat or affect in any way the Landlord's rights in respect of any subsequent default or breach.
    
37. This Lease will extend to and be binding upon and inure to the benefit of the respective heirs, executors, administrators, successors and assigns, as the case may be, of each Party. All covenants are to be construed as conditions of this Lease.
    
38. All sums payable by the Tenant to the Landlord pursuant to any provision of this Lease will be deemed to be additional rent and will be recovered by the Landlord as rental arrears.
    
39. Where there is more than one Tenant executing this Lease, all Tenants are jointly and severally liable for each other's acts, omissions and liabilities pursuant to this Lease.
    
40. Locks may not be added or changed without the prior written agreement of both Parties, or unless the changes are made in compliance with the Act.
    
41. The Tenant will be charged an additional amount of $__________ for each N.S.F. cheque or cheques returned by the Tenant's financial institution.
    
42. Headings are inserted for the convenience of the Parties only and are not to be considered when interpreting this Lease. Words in the singular mean and include the plural and vice versa. Words in the masculine mean and include the feminine and vice versa.
    
43. This Lease may be executed in counterparts. Facsimile signatures are binding and are considered to be original signatures.
    
44. This Lease constitutes the entire agreement between the Parties.
    
45. During the last 30 days of this Lease, the Landlord or the Landlord's agents will have the privilege of displaying the usual 'For Sale' or 'For Rent' or 'Vacancy' signs on the Property.
    
46. Time is of the essence in this Lease.