South Carolina Security Guard Practice Exam

What is the purpose of the Residential Tenancies Act?

1. Provide protection for residential tenants from unlawful rent increases and unlawful evictions

2. To establish a framework for the regulation of residential rents

3. To balance the rights and responsibilities of residential landlords and tenants

4. All of the above

The correct answer is: All of the above

The purpose of the Residential Tenancies Act in Ontario is indeed multifaceted, which makes "all of the above" the correct answer. According to the Act, it is meant to provide a structure or framework for how residential rents are regulated. This regulation encompasses aspects such as legal rent increases, maintaining standard conditions of the rental units, and addressing rent disputes. Secondly, it offers protection to residential tenants against unlawful rent increases and unwarranted evictions. This is to safeguard tenant's rights and ensure they can reside peaceably without unfair exploitation from landlords. Thirdly, the Act balances the rights and responsibilities of both landlords and tenants. It outlines the legal obligations of both parties within a rental agreement and sets out a standard for maintaining a fair and balanced relationship. Therefore, taking all these aspects into account, the Residential Tenancies Act covers all the options indicated, meaning the correct answer includes all the presented options.