• 23. A contract for property management services for a housing project must be in writing and must satisfy the following requirements:

  1. the term of the contract must not exceed three years.

  2. the contract must not be renewable.

  3. the contract must be capable of termination by the housing provider on 60 days written notice any time during the term of the contract and on 30 days written notice if the termination is for breach of the contract, unless the parties to the contract agree to shelter notice periods.

  4. the contract must specifically identify and describe the nature of the goods and services provided under the contract and the consideration to be paid by the housing provider.

  5. the contract must be non-assignable.

• 24. Every corporation providing management services for a housing project shall give notice to the housing provider of the housing project of any change in control of the corporation.

   

• 25. A housing provider is not required to follow open and competitive practices in retaining persons to provide property management services if the service manager is satisfied that open and competitive practices are not appropriate in the circumstances in order for the housing provider to obtain a reasonable level ofproperty management services at a reasonable cost.

Leases and Occupancy Agreements — Requirements

• 26. Every housing provider and every household that rents or occupies a rent- geared-to- income unit in the housing provider’s housing project shall enter into a lease or, in the case of a co-operative housing unit, an occupancy agreement that meets the following requirements:

1. in the case of a lease, the term of the lease must not exceed one year.
   
   
2. the lease or agreement must specify the amount of rent that would be payable if the unit were a market unit, the amount of geared-to-income rent payable for one month by the household as determined by the service manager, and all other charges that the housing provider may impose under this Regulation or the Residential Tenancies Act, 2006 and its successor legislation.
   
   
3. the lease or agreement must,
   
   
   1. restrict the occupancy of the unit to the members of the household at the time the lease or agreement is entered into and any additional persons whose occupation of the unit is agreed to subsequently by the housing provider,
   2. require the household to advise the housing provider of any persons who cease to occupy the unit or commence to occupy the unit after the lease or agreement is executed, and