Trace Page Break Lease For Free

If a tenant ends a fixed-term tenancy early, the tenant may have to reimburse the landlord for costs of re-renting the unit ? like advertising or lost rent. The landlord must do their best to limit these costs by trying to rent the unit as soon as possible.

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. Remember, a lease agreement that constitutes a fixed term implies the renter owes you rent until the unit is leased out again or the lease expires.

Generally, though, rent deposits in Ontario are only able to be used for their specified purpose, which is as payment for the final month of your tenancy. This means that landlords are not able to use this amount for any other purpose, such as a charge for breaking your lease early.

The Landlord and Tenant Board (?LTB?) in Ontario recognizes five different reasons a tenant may break their lease early without penalty: (1) You and your landlord agree to end the lease early; (2) Find another individual to assign the lease/unit to; (3) Have the LTB issue an order to end your tenancy agreement early; ( ...

If you move out of a rental unit without giving notice or without giving proper notice (for example, you give fewer than the required number of days) you may be responsible for paying the rent until the earlier of these two dates: The date the unit is rented to another tenant.

If you break the lease, you're breaking a contract, and the landlord can hold you responsible for paying the rent until the end of your lease term. For example, if you pay $1,800 a month and want to break your lease for the last four months, you could end up on the hook for $7,200.

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.