RESIDENTIAL TENANCY AGREEMENT - Alberta Mortgages

1 1 RESIDENTIAL TENANCY AGREEMENT (Fixed Term TENANCY ) THIS AGREEMENT made in duplicate the _____ day of _____, 200____. BETWEEN: _____ [Designate Of Each Owner On Title], individuals resident in _____ (hereinafter either individually or collectively referred to as the "Landlord") - and _____ [Names Of Each Tenant], individuals resident in _____ (hereinafter either individually or collectively referred to as the "Tenant") PREMISES 1.

2 The Landlord hereby leases to the Tenant the RESIDENTIAL premises described as: _____ (hereinafter referred to as the "premises") for use and occupation as RESIDENTIAL premises only, subject to the terms and conditions of this AGREEMENT and of the RESIDENTIAL tenancies Act of the Province of Alberta . TERMS 2. Unless earlier terminated in accordance with the provisions of this AGREEMENT or with the expressed written consent of the Landlord, this AGREEMENT shall be for a fixed term commencing at 12 o'clock noon on the ____ day of _____, 200___ and ending at 12 o'clock noon on the _____ day of _____, 200___, and no notice shall be required for either the Landlord or Tenant to terminate the TENANCY at the end of the fixed term.

3 RENT 3. The Tenant shall pay monthly, in advance, by way of post-dated cheques, to the Landlord at _____ a rental of $ _____ per month on or before the first day of each and every month of the term of this AGREEMENT . The Tenant shall provide post-dated cheques in advance for each month of the term. In the event any rent amount is not paid when due, all remaining rent payments over the unexpired term of this AGREEMENT shall, at the discretion of the Landlord, become immediately due and payable. If applicable a partial months rent of $_____ will be due for the period commencing _____.

4 UTILITIES 4. The rental rate prescribed above DOES NOT include the costs of providing natural gas, water, sewer, and electricity services to the premises, which shall be the obligation of the Tenant, and the Tenant agrees to pay on demand to the appropriate authority or utility provider, or Landlord for those utilities billed directly to the Landlord by the appropriate authority, and to be fully responsible for the costs of such services. 2 CABLE, INTERNET 5.

5 The Tenant agrees to pay on demand to the appropriate authority, or Landlord AND TELEPHONE for those services billed directly to the Landlord by the appropriate authority, and to be fully responsible for the costs of all other services not specifically mentioned in Paragraph 4 above, including, without limitation, the costs of cable, internet and telephone services. APPLIANCES 6. The Landlord agrees that throughout the term of this AGREEMENT , the Landlord will supply for the Tenant's use a refrigerator, range, dishwasher, clothes washer, and clothes dryer in the premises.

6 OTHER OCCUPANTS 7. The Landlord and the Tenant agree that the premises may be occupied by the Tenant and their children, unless the Landlord consents in writing to the occupation of the premises by some other or an additional person or persons. SECURITY 8. (a) The Tenant agrees to pay to the Landlord a security deposit of _____ on _____ (Month/Day/Yr). The Landlord may deduct from the security deposit any amount that the Landlord deems necessary to provide for: (i) repairing any damage to the premises (including the building of which the premises form a part, and the property on which the building is located)

7 , fixtures, furniture, appliances and any other items leased pursuant to this AGREEMENT , which damage may have been caused by the Tenant or any person or persons invited on the premises by the Tenant, normal wear and tear excepted; PROVIDED that the Landlord meets the inspection report requirements of Section 18 of the RESIDENTIAL tenancies Act, as set forth in Clause 10 of this AGREEMENT ; (ii) cleaning the premises, including cleaning of the draperies and carpets, if the Tenant gives up possession of the premises in such condition that the premises require cleaning, normal wear and tear excepted.

8 (iii) payment of rent, and/or utility charges owing to the Landlord by the Tenant and any amounts due to the Landlord as the result of a default of the Tenant under this AGREEMENT , and (iv) the discharge of any other obligations or liabilities of the Tenant respecting the premises. (hereinafter either individually or collectively referred to as Damages ). (b) In the event that the quantum of monies required to compensate the Landlord for the Damages referenced in subparagraph 8(a)

9 Above exceeds the amount of the security deposit, the Tenant shall, immediately upon request from the Landlord, pay to the Landlord any amounts in respect of the Damages which is in excess of the security deposit, plus interest thereon from the date initially due until the date the Landlord receives payment in full, whether before or after judgement at the rate of percent per month. (c) The Landlord agrees to deposit the security deposit received from the Tenant in an interest-bearing account at a bank, treasury branch, credit union or trust company in Alberta within two (2) banking days of receiving the security deposit, as required by the RESIDENTIAL tenancies Act.

10 The Landlord agrees to invest the security deposit only in deposit receipts, deposit notes, certificates of deposit, acceptances or other similar instruments issued by or guaranteed as to principal and interest by a bank, credit union, loan corporation, treasury branch, trust 3 corporation or insurance company authorized to carry on business in Alberta .