Prince Edward Island
Prepare residential leases and tenancy forms for rental properties in Prince Edward Island with these easy downloadable templates.
Q. Are landlords in PEI allowed to charge a pet deposit as well as a security deposit?
A. No, landlords cannot charge a pet deposit. Only a non-refundable pet fee is allowed. Landlords also cannot charge a "key deposit", or ask for both the first and last month's rent up front.
However, landlords can decide whether to allow pets in the rental premises and have the right to limit the type or size of pets permitted. These restrictions do not apply to service animals.
Q. What are the laws governing residential tenancies in Prince Edward Island?
A. The Rental of Residential Property Act governs most residential tenancies in the Province of Prince Edward Island. The Residential Tenancy Office provides information and resources, and resolves disputes between landlords and tenants.
Q. Do landlords have the right to run credit checks on potential tenants?
A. Yes, PEI law allows landlords to run credit checks on tenants in order to ascertain whether they are able to afford the rent. You must get the tenant's consent to share their personal details with a credit reporting agency.
Q. What types of residential tenancy templates can I find at MegaDox.com?
You can find both fixed term lease contracts (e.g. 1 year) and periodic tenancy agreements (for monthly or weekly tenancies). You can use these legal forms to rent houses, apartments, duplexes and mobile homes.
The templates can be used by both landlords and rental property managers. Easily customize the documents to fit your unique circumstances. Buy a form once, use as often as you need.
These legal document templates have been prepared by legal professionals and are reviewed regularly to ensure compliance with the laws of Prince Edward Island, Canada.
PEI Agreement to Terminate Lease
Cancel a tenant's lease before the end of the lease term with this Prince Edward Island Agreement for Early Termination of Lease form.
- This form is not for evictions. It can only be used when both the landlord and tenant agree to terminate the lease early.
- This Agreement is for residential tenants only. A different form is required for commercial rental properties.
- The tenant must still give the landlord written notice setting out the proposed termination date.
- The tenant agrees to pay a lease buyout fee.
- Available in MS Word format.
- Intended to be used only in the Province of Prince Edward Island, Canada.
PEI Extension of Residential Lease
PEI landlords, extend the term of a tenant's lease with this Prince Edward Island Extension of Residential Lease form.
- The landlord and tenant mutually agree to extend the lease term for an additional period.
- The monthly rental charge to be paid by the tenant is set out in the agreement.
- All provisions of the original lease which are not amended in the Extension remain the same.
PEI Landlord Permission to Sublet
Get your landlord's consent to assign your lease or sublet the premises with this Prince Edward Island Permission Agreement.
- The landlord must consent to the assignment or sublease.
- The new tenant must meet the landlord's requirements, and the landlord must give its written approval of the new tenant.
- The form contains clauses for either an assignment of the lease or a sublease of the premises.
- The landlord has the option to hold the existing tenant responsible for performing the tenant's obligations until the end of the lease term, or alternatively, to release the tenant from all obligations under the lease once a new tenant is approved.
- This form is available as a downloadable and fully editable MS Word template.
- Intended to be used only in the Province of Prince Edward Island, Canada.
PEI Lease Co-Signer Agreement
If you lease a rental unit to a tenant who is a minor, make sure a parent or guardian signs this Lease Co-Signer Agreement for Prince Edward Island.
- The co-signer agrees to:
- allow the landlord to run a credit check,
- guarantee that the tenant complies with the rental agreement,
- guarantee the payment of rent.
- This legal form template is provided in MS Word format and is easy to download, fill in and print.
- Intended to be used only in the Province of Prince Edward Island, Canada.
PEI Residential Tenancy Agreement
Lease a house, apartment or mobile home to a tenant with this Prince Edward Island Residential Tenancy Agreement.
Statutory Form Required by Law
This Form 1 document is the standard form of tenancy agreement required under the Prince Edward Island Rental of Residential Property Act Regulations. The form is provided through the PEI Residential Tenancy Office website.
Standard Provisions
This form includes essential details like the parties' names, property description, term of the agreement, rent, and any security deposit requirements. It also outlines the statutory conditions and terms for terminating the agreement.
Format
The form is available in PDF format.
