
Effective July 1, 2026, the LTB's Payment Agreement Form became mandatory for repayment plans made under section 206 of the Residential Tenancies Act. An ordinary email payment schedule may therefore be insufficient for that specific process.

Check the current form, the rent balance, instalment dates, ongoing rent obligations, and consequences of a missed payment. Each party should understand what the agreement allows the other party to request from the LTB. A plan that leaves no realistic room for current rent may fail quickly. Keep a signed copy and a running payment record. If the parties want different settlement terms, confirm the appropriate procedure rather than assuming every agreement has the same legal effect or enforcement route.
Review the numbers before discussing instalments. Both parties should understand the arrears balance, how current rent will be paid, and how each payment will be credited. A schedule should use dates and amounts that can be checked against actual income and obligations. If another person or program is contributing money, confirm what is realistically available without treating an unapproved application for assistance as a guaranteed payment. Keep the negotiation understandable and allow time to review the consequences before signing.
Read the default provisions and identify what can happen if a payment is missed. Different settlement mechanisms can lead to different procedures, and the section 206 process should not be confused with every other mediated or consent arrangement. Ask what documents will be issued, what ongoing obligations remain, and how proof of compliance will be kept. After signing, update a shared or reconciled ledger and retain receipts. If a disagreement arises, the signed form and payment history should make it possible to identify the actual breach alleged rather than reconstructing an informal conversation.
Ask NEO to review the repayment proposal and the correct LTB settlement documents. Call 647-200-3526 or toll-free 888-519-2435, email info@neolegalservices.com, or book a free consultation.
Read next: Requesting a review of an LTB order in Ontario
General Ontario legal information, not legal advice for your matter, and reading it does not create a retainer. Sources checked 15 October 2026: check the current law, forms and dates before you act.
Photos from Pexels: Using a calculator beside an invoice · Papers marked paid and due beside a calculator.
This article is general information for people in Ontario, not legal advice. Rules, forms and deadlines change, and every situation is different. Check the current rule or speak to a licensed legal professional before you act.
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