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Sample 1 Sample 2. EARLY TERMINATION CLAUSE. The Landlord will have the right, at any time after the 78th month of the Term including any further extension or renewal thereof, to terminate this Lease on 18 months’ written notice (the “ Termination Notice ”) to the Tenant, for any reason. For clarity the Termination cannot be effective ...
Mar 5, 2024 · An early termination fee is typically two month’s worth of rent. Any more would be considered excessive by courts. Many lease clauses include an early termination fee. However, you don’t have to include the option of paying a fee—you may simply require that they pay rent until you find a replacement tenant.
- Information in This Brochure
- About Tenancy Agreements
- When The Tenant Wants to Move: General Rules
- When A Tenant Wants to Move: Ending A Tenancy Agreement Early
The rental contract or agreement between a landlord and tenant is called a tenancy. The Residential Tenancies Act (RTA) has rules on how a tenant can end their tenancy. This brochure provides information about these rules. It is not a complete summary of the law and it is not legal advice. If you need more information, contact the Landlord and Tena...
When a landlord rents to a person, they enter into a tenancy agreement – a contract in which the tenant agrees to pay rent for the right to live in the rental unit. For most tenancy agreements that were first entered into on or after April 30, 2018, the tenancy agreement must be in writing, signed by the landlord and the tenant and the landlord mus...
Giving notice to end a tenancy
If you want to end your tenancy and move out, you must either: 1. give the landlord a written notice, or 2. make an agreement with the landlord to end the tenancy To give notice, you must use the Tenant's Notice to Terminate the Tenancy (Form N9). This form is available in the Forms section at tribunalsontario.ca/ltbor from any LTB office.
Giving notice and termination dates
The notice must tell the landlord the last day you plan to live in the unit, which is called the termination date. You need to give notice even if you are planning to leave on the end date in your agreement. If you don't, the tenancy continues. Fixed-term: If you have a fixed-term tenancy, like a one year lease, then you must give notice at least 60 days before the end of the lease. The termination date cannot be before the last day of the fixed term. If you don't give notice, the tenancy con...
Moving without giving proper notice
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: 1. The date the unit is rented to another tenant 2. The earliest termination date that could have been put in a notice to end a tenancy, if you had given proper notice. Example: You are in a one year-fixed term tenancy and you move out after eight months. You are re...
In most cases, if you agreed to rent the unit for a specific period of time, you cannot move out before the period ends, unless: 1. you and your landlord agree 2. you assign the tenancy (and the unit) to someone else 3. the LTB issues an order ending the tenancy agreement early 4. you are a victim of sexual or domestic violence 5. you entered into ...
Generally, landlords can legally terminate a lease early, without penalty, in certain situations. If a tenant violates the lease or breaks other laws that impact your property, you may be able to terminate the lease early. For example, if a tenant fails to pay rent, allows a dog to live in the unit in violation of the lease, causes excessive ...
Jul 31, 2023 · An early termination clause in a lease, or lease agreement, is a provision that allows a tenant to vacate the property before the term of the lease has ended without facing legal repercussions. Rooted in contract law, this clause gives landlords and tenants a degree of flexibility but must be carefully structured to be legally sound, fair, and ...
Oct 10, 2023 · Within the realm of residential lease agreements, an early termination clause might look something like this: “In the event that the Tenant wishes to terminate this Agreement ahead of the agreed term, the Tenant must notify the Landlord in writing and pay an early termination fee equivalent to two months’ rent.
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Early termination right clause samples. On August 4, 2020, the EmeryStation landlord provided written notice to the Company pursuant to the amendment to the EmeryStation lease described above that it is exercising its early termination right. Therefore, both the EmeryStation lease and the Sublease Agreement will terminate as of August 31, 2020.
