The approximate time for the conclusion of this agreement is 30 minutes. All landlords renting in Ontario should be aware that the province has introduced a new standard lease form to be used for written residential tenancy agreements in Ontario that will be entered into on and after April 30, 2018. Please terminate the use of your current lease or lease and obtain a copy of the standard rental form issued by the Ministry of Housing. The main purpose of this contract is to define the rental conditions; the sum of the monthly rent; the terms of payment for public services; the conditions of maintenance of the devices, etc. The agreement is very important in case of dispute. The Ontario lease must contain the following data: Get the new standard form for the lease under www.forms.ssb.gov.on.ca/mbs/ssb/forms/ssbforms.nsf/FormDetail?OpenForm&ACT=RDR&TAB=PROFILE&SRCH=&ENV=WWE&TIT=2229E&NO=047-2229E. The form can be filled, printed and stored online or you can print and fill it out offline For more information on the new standard rental form, check the website of the Ministry of Housing – www.mah.gov.on.ca/Page18704.asp. If both parties sign the lease, it is kept for the duration of the rent for the personal minutes of each party. Before renting an apartment or house, both the owner and the tenant want to protect themselves with a document favorable to the law. This is achieved through a housing rental agreement.