Once on a lease, one can not terminate the lease. A tenant has an obligation under the law to complete the commitment. However we understand that there are circumstances where one has to terminate the lease early.

Two Options:

Option 1:  Tenant finds a replacement  / sublet on its own. Once a potential tenant is found the follow the following steps.
Step 1: Get the rental application filled from the tenant along with an ID. e.g. copy of Driver license.
Step 2: Send $500.00 plus HST non-refundable processing fees to office via certified cheque/ money order or Email transfer at Support@multicorpRealty.com.
Step 3: Send Rental application, copy of the ID to office.
Step 4: Office will evaluate the potential tenant and if approved, lease amendment documents will be prepared to approve the sublet. Other wise, you will be informed about the rejection.

Option 2: Management company to find the replacement / sublet.
Step 1: Deposit one month rent and 500.00 non-refundable processing fees plus HST to the office. Money can be sent via certified cheque/ money order or Email transfer at Support@multicorpRealty.com.
Step 2: Management company will start the process of finding the sub-tenant. Tenant is responsible for the rent until sub-tenant is found or until end of the current lease term.
Step 3: Once a suitable sub-tenant is found, office will prepare the lease amendment documents to approve the sublet.

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