What is the primary outcome sought by the Residential Tenancies Act?

The primary outcome sought by the Residential Tenancies Act is to ensure safe and fair rental housing. This legislation aims to establish a framework that protects the rights of both landlords and tenants, promoting equitable treatment and addressing issues related to rental agreements. The act provides guidelines for rental agreements, maintenance of properties, and the process for resolving disputes. By focusing on safety and fairness, it works to create a more balanced and stable rental market where both tenants can live securely and landlords can manage their properties effectively.

The other options address issues that are not the main focus of this act. For instance, while promoting increased ownership rates could be a desirable outcome, it is not a direct aim of the Residential Tenancies Act, which deals specifically with rental housing rather than ownership. Likewise, reducing rent prices is more a function of market dynamics and does not directly correlate with the core purpose of the act. Finally, commercial leasing agreements fall outside the scope of the Residential Tenancies Act, which is exclusively concerned with residential tenancies and their regulations.