What is the primary purpose of the Residential Tenancies Act?

The primary purpose of the Residential Tenancies Act is to set out the rights and responsibilities of landlords and tenants. This legislation is designed to establish a clear framework that governs the lease agreements between landlords and tenants, ensuring that both parties understand their obligations and rights. It outlines the rules regarding rent collection, property maintenance, eviction procedures, and the handling of disputes, facilitating a fair and transparent rental process. By providing this structure, the act helps to protect tenants from unfair practices while also giving landlords the necessary guidelines to manage their properties effectively.

Other options, such as regulating property sales, defining property taxes, or overseeing real estate commissions, fall outside the scope of the Residential Tenancies Act and pertain to other areas of real estate and property law.