Payment Agreement in Ontario

This form is a legal agreement between a landlord and tenant to settle unpaid rent issues. It can be used following an L1 or L9 application, specifying terms for repayment, including rent due, NSF charges, and filing fees. It outlines the process for filing with the Landlord and Tenant Board (LTB) and details on what occurs if the tenant fails to meet the agreed repayment terms. The agreement aims to avoid eviction through a structured repayment plan, emphasizing the need for legal advice before signing.

To fill out this form effectively:

1. Read Important Information: Before you start, carefully review the provided guidelines to understand the form’s purpose and its legal implications.
2. Legal Advice: Consider obtaining legal advice to ensure you understand the agreement fully before signing, as it becomes a binding contract.
3. Filling the Form
   • File Number and Agreement Basis: Enter the file number and mark whether the agreement is based on an L1 or L9 application.
   • Landlord and Tenant Information: Fill in the names of the landlord(s) and tenant(s), and the address of the rental unit.
   • Repayment Plan
     • Detail the total amount due, including rent, NSF charges, and filing fees.
     • Specify the payment schedule, amounts, and due dates.
     • For L1 applications, include any additional rent due during the agreement period.
   • Failure to Pay: Understand the consequences of failing to make payments as agreed, including the possibility of eviction without further notice.
4. Signatures: All parties involved must sign the agreement. If there are more names than spaces provided, add them following the same format at the end.
5. Filing with the Board: After signing, the form must be filed with the local Landlord and Tenant Board (LTB) Regional Office promptly, preferably via email, to avoid delays in processing.

Ensure all sections are completed accurately to avoid any potential issues or misunderstandings.