What is a Tenancy Agreement?

A Tenancy Agreement, also known as a lease agreement or rental agreement, is a legally binding document that outlines the terms and conditions of a rental arrangement between a landlord and a tenant. It establishes the rights and responsibilities of both parties and serves as a reference point for any disputes or concerns that may arise during the tenancy. For British Columbia Tenancy Agreement, click here for more information.

Why Do Lenders Require a Tenancy Agreement?

Lenders often require a Tenancy Agreement to verify your rental history and assess your financial stability. By reviewing this document, lenders can gain insights into your past rental arrangements, including the duration of the tenancy, rental payment amounts, and any special provisions or conditions. This information helps lenders evaluate your ability to manage financial commitments and assess your creditworthiness when considering your loan application.

How Can I Get My Tenancy Agreement?

You should have a copy of the Tenancy Agreement stored in your personal records or documents, otherwise, contact your landlord or property management company. They should be able to provide you with a copy of the Tenancy Agreement you signed when you initially entered into the rental agreement.