We rented to a couple on a verbal agreement with no LMR deposit. They haven’t lived up to the agreement and regularly pay late. Can I formalize the agreement in writing now?

Whatever tenancy agreement was in place when the tenancy commenced must continue as is. So unless they are willing to sign a lease, you cannot insist that they do so.

However, if the tenants do want a written tenancy agreement, you must use the Ontario Residential Tenancy Agreement (Standard Form of Lease), which can be found at https://www.ontario.ca/page/guide-ontarios-standard-lease

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