CPPDSM4016A Monitor and Manage Lease or Tenancy Agreement
Short Answer Questions – Please answer in 100-200 words (1-2 paragraphs)
10) Explain why confidentiality is an essential element in property management when dealing with tenants and lessors. Give an answer in your own words.
11) When a tenants fixed term agreement is due to expire, explain what the agent/lessor must do when the tenant and lessor agree to: (only answer a & c below. I already answered b)
a. extend the fixed term
b. stay on under a periodic agreement
• When a fixed term agreement ends, if the tenant remains and no new agreement is signed. The lessor/agent can have a periodic agreement from the beginning. In a periodic agreement, the lessor/agent and the tenant must follow the rules set out in the original agreement (or in the prescribed standard agreement if there wasn’t a signed agreement). The rights and obligations under both types of agreements are generally the same. However, there are differences in relation to terminating the tenancy and rent increases.
• It should nonetheless be noted that if the lessor fails to have a written agreement in the proper form at the start of a tenancy, penalties can be imposed. Additionally, they will be unable to evict the tenant without a reason or put the rent up during the first 6 months.
c. enter into a new fixed term agreement
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