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The Lease Contract Agreement serves as a fundamental legal instrument in Canadian property law, establishing the formal relationship between landlords and tenants for both residential and commercial properties. This document is essential when any party wishes to grant temporary possession and use of real property to another party in exchange for rent. The agreement must comply with federal regulations and specific provincial tenancy acts, which vary by jurisdiction across Canada. It includes comprehensive details about the property, rental terms, maintenance obligations, and the rights and responsibilities of all parties involved. The document can be customized for various purposes, from simple residential leases to complex commercial arrangements, while maintaining all necessary legal requirements and protections for both landlord and tenant.

1. Parties: Identification and contact details of the landlord and tenant(s), including legal names and addresses

2. Background: Brief context setting out the parties' intention to enter into a lease agreement

3. Definitions: Key terms used throughout the agreement and their specific meanings

4. Premises: Detailed description of the leased property, including address and any included fixtures/fittings

5. Term: Duration of the lease, including start and end dates, and any renewal options

6. Rent: Rent amount, payment schedule, accepted methods of payment, and late payment consequences

7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit

8. Utilities and Services: Responsibility for utilities, services, and related payments

9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs

10. Use of Premises: Permitted uses of the property and any restrictions

11. Insurance: Required insurance coverage for both parties

12. Assignment and Subletting: Terms and conditions for assigning or subletting the premises

13. Landlord's Covenants: Specific obligations and promises of the landlord

14. Tenant's Covenants: Specific obligations and promises of the tenant

15. Default and Remedies: Consequences of breach and available remedies

16. Termination: Conditions and procedures for ending the lease

17. Notice: Requirements for giving notice under the agreement

18. Governing Law: Specification of applicable Canadian jurisdiction and laws