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Showing Market Trends matching “Leases”, newest first.
Market TrendsEvery guide tells you to put all five students on one joint lease so they're each liable for the whole rent. Waterloo's licensing bylaw says one tenant per lease. The structure you were told protects you may be the one your licence prohibits — and the year is decided in January, not September.
Market TrendsRent a five-bedroom house to five students on one joint lease and it's an ordinary rental. Rent the same house to the same five people on five separate room leases and it's a multi-tenant house needing a licence. Same house, same tenants — the lease structure decides. And the rules flip hard by city.