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Rent Reduction Agreement Alberta

  • April 11, 2021

Current situation: Alberta`s moratorium provisions have not been extended beyond the original termination date of August 31, 2020. CPLEA has gathered several frequently asked questions about the management of the COVID 19 pandemic (the “pandemic”) in rental properties. Events change rapidly because of the pandemic, so this resource can change with the development of new problems. This CPLEA resource only provides general information. It does not offer legal or professional advice. In Alberta, leases can be either periodic or temporary. In accordance with cmHC requirements, the owner or owner of a property must be a landlord with affected small contractors (including subtenants) and, in most cases, have indicated rental income on their personal or professional income returns for 2018 and/or 2019. There is an exception to the tax reporting requirement for new and recently icy constructions and acquisitions that were leased to a legitimate tenant on April 1, 2020 or before April 1, 2020. In addition, it must have entered into a lease for April, May and June 2020 (and for July, August and September 2020 if an extension is requested), as noted above. Finally, the rental agreement (i) must include a moratorium on forced evictions during this period and (ii) a rental income tax return in accordance with the tenant`s certificate (see below). If you are a business owner and would like to learn more about how CECRA could help you pay rental expenses to your small business owners, contact your BDO advisor. Tenant Tip: If you have concerns about rent due to the pandemic, you may be eligible for federal financial support.

For more information, see the grants under “Resources” below. If the tenant is absent from the rented premises and/or away from the service, the landlord may: There are different rules for landlords and tenants when condominium owners rent their apartments. In the event of a conflict between the Condominium Property Act and RTA, the Condominium Property Act applies. A landlord can enter the rental premises at any time with the tenant`s consent. Consent may be given orally or in writing. If the landlord has the tenant`s consent, no notification is required. “As we work to re-open our economy safely, our government understands that things are still difficult for our small entrepreneurs and that rent remains a significant effort. That`s why we`re extending the Canada Emergency Commercial Rent Assistance from one month to September. We will continue to be there for our small entrepreneurs when we rebuild. Current situation: Nova Scotia`s moratorium provisions are in effect until the end of the province`s state of emergency, which was recently extended to October 18, 2020.