Lifetime Lease Agreement Template for Canada

The Lifetime Lease Agreement is a specialized legal instrument used in Canadian residential property arrangements where a tenant secures the right to occupy a property for the remainder of their life. This document is particularly valuable for senior housing arrangements, retirement planning, or situations where long-term housing security is essential. It must comply with provincial residential tenancy laws while addressing unique aspects of lifetime occupancy. The agreement typically includes detailed provisions for rent adjustment mechanisms, property modifications for aging-in-place, healthcare accommodation requirements, and clear termination conditions. It's more complex than standard residential leases due to its long-term nature and the need to anticipate future changes in the tenant's circumstances. The document is especially relevant in provinces with aging populations and growing demand for secure, long-term housing solutions.

1. Parties: Identification of the landlord and tenant, including full legal names and addresses

2. Background: Context of the agreement, including property details and the intention to create a lifetime lease

3. Definitions: Key terms used throughout the agreement, including 'Lifetime,' 'Property,' 'Common Areas,' etc.

4. Grant of Lease: Formal grant of the lifetime leasehold interest, including property description and exclusive use areas

5. Term and Duration: Specification that the lease is for the tenant's lifetime, with specific conditions about when it terminates

6. Rent and Financial Terms: Rent amount, payment schedule, and provisions for rent adjustments over time

7. Utility Charges and Services: Responsibility for utilities, services, and related costs

8. Maintenance and Repairs: Detailed obligations for property maintenance, distinguishing between landlord and tenant responsibilities

9. Property Use and Occupancy: Rules and restrictions regarding property use, including guest policies and subletting restrictions

10. Insurance Requirements: Insurance obligations for both parties, including property and liability coverage

11. Modifications and Alterations: Rights and procedures for making property modifications, especially for accessibility needs

12. Death and Succession: Provisions regarding lease termination upon death and any rights of succession

13. Default and Remedies: Events of default and available remedies for both parties

14. Governing Law: Specification of applicable Canadian provincial law and jurisdiction