Breaking Lease

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  • Breaking Lease

    Hi everyone, im in need of a bit of help here let me explain my situation and intention

    I was in a rush to move out of my parents house and requested an 8th month lease at this apartment (in Ontario, Canada). I was kinda duped because they handed me a 12 month contract which i signed without reading over and noticed a month later. they refused to change this.
    so anyways .. not only do i not have enough money for the 12 months. im not even going to be in this city at the end of 8 months. (right now were about 5.5 months in to the lease)
    The only way i can legally settle this is by finding sumone to take the lease.

    My plan here is this, with 2 month remaining - (month 6) give the Appartment company a notice that im leaving. If i find sumone to take the appartment fine.. but if i dont..
    my plan is this
    not pay the last month (as i already have done this as standard 1st and last is paid)
    and then move out at the end of that month.


    Iam aware of the following- they will come after me for the money, but i will be living with sumone else by that time and my name wont be on it. i dont own property or anything else. If they try to sue, i can declare bankrupt. I am a student, and will not be too affected by this, it will recover by when im done.

    That said, Id like to kno if anyone can share sum insight on this. anything i missed?/
    plz no lectures on not to declare bankruptsy cuz it will hurt my credit plz!

  • #2
    You're in Canada. This site really covers only England/Wales. That means that we probably can't help you.

    Does any forum member have Canadian law expertise?
    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
    2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
    4. *- Contact info: click on my name (blue-highlight link).

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