Fillable OREA Form 400 Agreement to Lease ResidentialFill this form
What is an OREA Form 400?
An OREA Form 400 fillable PDF is an official document based on which a landlord and tenant agree on the lease of premises, fix a rent and advance payment, and deal on additional services. It is three pages long and requires the signatures of both parties and witnesses to complete it. In some cases, you might need an add-on called Schedule A.
What do I need the OREA Form 400 for?
- The Agreement to Lease Form 400 has a narrow scope and is used for a preliminary agreement on the lease of premises and the approval of extra services such as parking, water supply, garbage removal, and so on.
- Please note that this agreement to lease and a lease itself are two different documents. Signing this form does not mean the final lease of premises. It happens only after the first and last rent has been paid.
This paper consists of 21 points and describes the conditions under which a landlord provides their premises.
Organizations that work with OREA Form 400
- Ontario real estate agencies.
How to fill out the OREA Form 400?
Step 1: First, indicate the completion of the OREA Lease Agreement date, the legal names of the parties, and the landlord address.
Step 2: Next, enter information about the room in the subject, terms, rent, and the purpose for which the premises will be used.
Step 3: After that, move on to the distribution of additional services. Depending on the arrangement, the costs can be divided between the owner and the tenant. Use a printable Schedule A if you need to include more information.
Step 4: Carefully read the terms of the agreement termination, the parties’ obligations, and the rules for protecting personal information.
Step 5: All involved witnesses, authorized representatives, and intermediaries should leave their contact details.
You can email the finished document, share it with a link, download it to your device, or print it.
FAQ: OREA Form 400 Popular Questions
Is OREA Form 400 legally binding?
Yes, after signing the document by both parties, the agreement comes into force. It legally obliges all participants to fulfill the terms listed in it. In particular, it obliges a tenant to pay for the first and last months of stay premises.
Can anyone use OREA forms?
This form is used by real estate agents, tenants, and landlords for premises located in Ontario. As a rule, tenants fill it in and send it to landlords as an offer of optimal conditions for the former. Other states may require different documents.
What is the difference between OREA Form 400 and the Standard Form of Lease?
These documents are closely related. The first is a preliminary agreement on the premises lease. That is why it’s sometimes also called an “offer.” After a tenant has made a deposit for the first and last months, they will receive a Standard Form of Lease as confirmation of a transaction.
How to sign an Agreement to Lease Residential?
You need to do the following:
- Open the document in the editor, enter the necessary information, and click on the empty “Sign” field.
- It’ll open the “Add Sign” tool. Create a signature using one of the suggested methods.
- Your sign will be automatically put on the form.
How to get OREA Form 400?
You can find this form on the OREA official website or ask your real estate agent about it. The fastest way is to find the required document in the PDFLiner library and fill it in on the spot.
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