What happens if you break a rental lease in BC?

What happens if you break a rental lease in BC?

If you break the lease early, you may be required to pay the landlord for the remaining months of rent. Even then, if the landlord has to re-rent the property for less than you were paying, the landlord is entitled to that difference for the remainder of your tenancy agreement.

How can I get out of my lease without penalty in Victoria?

If a renter is experiencing difficulties, they can apply to VCAT to break an agreement without having to pay any costs. These difficulties are called severe hardship. They might include loss of income, a serious medical condition, or a family tragedy.

How much does it cost to break a lease Victoria?

In Victoria, the landlord can ask tenants that break the lease to pay one month’s rent for every full year remaining on the lease. This is capped at six years, so the maximum amount the landlord can ask for is six months’ rent. This is based on the rent amount you were paying when you broke the lease.

How can I break my lease in Victoria?

Breaking your agreement (lease) with costs Ending your agreement early is usually done by giving the rental provider (landlord) written notice of your intention to vacate, including advising of your vacate date, and handing back the keys when you move out. There is no minimum notice period in these circumstances.

What if there is no break clause?

If there’s no break clause in your agreement, you can’t leave your tenancy early unless your landlord agrees.

How much notice do I have to give a landlord?

The minimum notice requirement is 28 days. If you have a monthly tenancy, you will have to give one month’s notice. If you pay your rent at longer intervals you have to give notice equivalent to that rental period. For example, if you pay rent every three months, you would have to give three months’ notice.

Can you ask for a break clause?

Tenants and landlords can request a break clause, and, in most cases, the break clause agreement can be implemented by either party.

Can a landlord refuse a break clause?

If there’s no break clause in your agreement, you can’t leave your tenancy early unless your landlord agrees. If you need to leave your tenancy early, perhaps because of a change of circumstances, speak to your landlord and put your situation to them.

Can I break a 12 month tenancy agreement?

You can’t end a tenancy agreement before the fixed term ends unless either of the following apply: you have a break clause in your tenancy agreement that lets you give notice to end the agreement early, or your landlord agrees to you leaving the tenancy (known as ‘surrendering’).

What happens if I leave my tenancy early?

If you reach an agreement to leave your tenancy early If you need to leave before the end of your tenancy, your landlord or agent can charge an ‘early termination’ fee to cover any reasonable costs. For example, rent up to the end of your fixed tenancy period or costs to find a new tenant.