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In general, the rent deposit isn't returned because it's used to pay for the last month's rent. If not used for this reason, landlords must return the full amount to the tenant. Landlords are required to return the rent deposit to the tenant within 30 days after the tenant has moved out of the rental property.

But in case you are wondering about what to do when a tenant breaks the lease illegally and/or vacates without notice, here's a proper approach to take. The act allows you to file a lawsuit if the tenant breaking the lease in Ontario wants to vacate or vacates the property without following the required procedures.

A ?lock-in? clause is a clause in a debt instrument that prohibits an early retirement of the debt for a specific period of time, or in some cases, for the entirety of the debt instrument duration.

Yes. By law, the landlord must pay you interest on your last month's rent deposit every year. The amount of interest is determined on a yearly basis in ance with the Consumer Price Index for Ontario. It is the same amount as the yearly rent increase (the ?Guideline?).

The answer is yes. A. if the lock-in clause in a leave and license agreement states that, in case of breach of the said clause, the licensee is liable to pay the rent for the remaining lock-in period i.e., rent of 33 months, is not really enforceable in a court of law.

A periodic tenancy agreement ? often referred to as a ?month-to-month? tenancy agreement ? does not have a pre-determined date on which it ends. The tenancy continues until the tenant gives proper notice to move out, or until the landlord legally ends the tenancy.

What is lock in period in lease agreement? You as a tenant cannot leave the property during this time frame, and the owner cannot dismiss you from the property, as decided upon by both parties. The lock-in period might last from 3 months to 60 months lock in period.

The Residential Tenancies Act allows the landlord to file a lawsuit when the tenant vacates the property without following the right process or breaking the lease. At this point, it is important to appreciate that the tenant owes you the rent for the house/apartment until the lease expires.

In Ontario, a landlord can neither collect a damage deposit nor use the tenant's last month's rent deposit to cover the damages done to the rental premises. The same applies to other situations, like the tenant terminating the lease early, abnormal cleaning costs, and unpaid utilities, among others.

Yes; a landlord can terminate a month-to-month lease in Ontario as long as the reason for lease termination is legal, appropriate, and processed the right way.