Quote:
Originally Posted by flamesrule_kipper34
Hi all,
I have a renter who renewed for another full year lease (back in April) from August 2020 - July 2021. Due to personal circumstances they informed me in mid-August that they needed to move out of province back home ASAP.
We spoke briefly on the phone and basically asked me to re-list it and they would support viewings as needed, but we didn't discuss any terms for them to break the lease or to release them from any obligations financially for the lease should we not be able to find a renter.
After a few viewings, we couldn't secure anyone for September after those and are still looking.
I just received an e-mail from my renter who has now stated, they are moving out of province this week. They'll leave my keys wherever I'd like before they leave and I can keep the security deposit (1 month's rent) as compensation for my trouble.
Given how they are about to leave out of province, I'd like to understand what options do I have? I'm more than happy to continue looking for a renter which is my responsibility anyways, but worst case am not able to secure anyone or I go a few months without finding someone (which is certainly possible in this COVID climate and our price point).
Thought I'd ask CP if there's anything else I should be aware of and what to do in this sort of situation.
Please advise, thanks!
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You are responsible to try to mitigate any losses, and they are responsible for any losses you incur.
If you can't rent it out for the same price, or can't find a new tenant (but can prove you have tried) they would be responsible.
Of course you'll likely have to spend some money collecting this so it could be a wash...