Hello Ontario landlords!
Does anybody know what the law actually states in the case of a tenant wanting to move out 6 months into their 12-months lease, and serving me a 30 day notice.
I see two violations : a) technically they owe me another 6 months of rents, b) they have to pay me for another 60 days
So the way I see it is they have to pay for this month (which they did), next month, and then I get to keep their last month rent because they are trying to get out of the contract. Of course, that`s just my interpretation of the law, and I know that frequently landlords and tenants negotiate some kind of an arrangement in this situation. However, I am curious if anybody knows what the law in Ontario says about this.
Thanks.
Oleg
Does anybody know what the law actually states in the case of a tenant wanting to move out 6 months into their 12-months lease, and serving me a 30 day notice.
I see two violations : a) technically they owe me another 6 months of rents, b) they have to pay me for another 60 days
So the way I see it is they have to pay for this month (which they did), next month, and then I get to keep their last month rent because they are trying to get out of the contract. Of course, that`s just my interpretation of the law, and I know that frequently landlords and tenants negotiate some kind of an arrangement in this situation. However, I am curious if anybody knows what the law in Ontario says about this.
Thanks.
Oleg