Quote:
Originally Posted by Euro7r
For rent out to say close friend or family member, do you guys still prepare a RTA form to make it "official/legit", or do some of you just write out a simple terms on paper with the basics and just sign off type deal? Have family member that doesn't know lick of English, and want to rent out to family friend kid. I just said just write out basic shit on a piece of paper in your own language LOL. Never been in such situation, so thought I ask if there's any "cons" in doing that.
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We had to go to the RTB for my uncles unit, he only had a verbal contract with his tenant who stopped paying rent. At the hearing, my uncle had a diary of payments, dates, notes, and that was good enough to show evidence of a contract, payment, etc.
You don't need to use the official RTB forms to make the tenancy legitimate. As long as it shows the basic information. Even without it, the tenant has all the rights the RTB affords them, contract or not.