When a lessor intends to temporarily reduce a tenant`s rent due to financial difficulties that have nothing to do with market conditions, the Tenants` Room recommends that the agreement be made in writing with a clear description of the contractual terms, including the nature of the tenant`s financial rigour and the duration of the rent reduction (if agreed upon at the time of the reduction). The application portal will open on May 25, 2020. We encourage all legitimate business owners to participate in this program. As part of your application, you must submit rent reduction agreements and landlord and tenant certificates. To help you prepare, we`ve described the information you need in the “What you need to apply” section and sample documents. Entry (or have already signed) into a legally binding tenancy agreement for the period April, May and June 2020, which reduces the rent of a small contractor concerned by at least 75% – Ensure that the lease is concluded with each tenant concerned: this communication allows the lessor to explain the characteristics of the rental survey. , including the initial amount of rent, the new rent and the frequency with which the tenant must pay the rent. The landlord can also note the total amount that decreases the rent and when the reduction comes into effect. The landlord can indicate whether this rent reduction will be permanent or temporary and will last only for as long as the pandemic lasts. Finally, the landlord can provide the tenant with contact information if the tenant has any questions or concerns about the new rent. Contracts – Rent reduction contract (PDF example) 😛 landlord must enter into a legally binding tenancy agreement with each tenant concerned to validate the rent reduction in accordance with the terms of the program. This agreement is subject to the final approval of CECRA`s application for small businesses. The decisions of the Tenants` Room have always decided that the landlord can restore the previous base rent at any time after written notification to the tenant, if a landlord agrees to temporarily reduce a tenant`s rent.
The reinstatement of the previous rent does not affect the tenant`s birthday for future rent increases. Examples of financial difficulties for tenants may be a reduction in income, an increase in expenses or the loss of a roommate who contributed to the tenancy.