A lease termination agreement can be used to break a lease, terminate the tenancy when the landlord-tenant relationship breaks down, and in situations where it is the best option for everyone involved. This official form can be used by Ontario landlords and tenants to terminate a lease. What: This Ontario Termination Agreement is a legal document attesting that you and your tenant have mutually agreed to terminate their tenancy. It is necessary to indicate not only why the rental is terminated, but also when the tenant must leave the premises. A rental termination agreement is invalid if it was signed at the same time as the conclusion of the tenancy or if it was a condition of the rental. It is also considered invalid if the tenant can prove that he was forced to sign. The law gives tenants rental security, which means that a tenant can continue to live in the rental unit until: Who: If you and your tenant agree to terminate the tenancy, you will provide them with this form with the correctly filled in fields, including the tenant`s name and address, your name and address, the address of the rental property, the reason for the termination of the rental and all the details that led to this decision on the termination of the rental. If you sign one of these forms, you may be forced to move. The landlord may contact the landlord and the tenants` committee for an eviction order if the tenant changes his or her mind after signing the contract and refuses to move, or if the landlord is unsure whether the tenant wants to comply with the agreement. That`s why written agreements are so important. If the new owner wants to move into your apartment, your landlord can give you an N12 notification before the place is sold, or the new owner can give you an N12 after the sale. You don`t need to move just because you receive this notification.
You have the right to contest the N12. All parties must sign to show their consent. In this example, there are two tenants and one landlord. All three must sign the N11 for the form to be valid. A termination agreement is advantageous because it is the easiest and fastest way to end a tenancy, and there is no cost or time spent with the landlord and tenants` committee if the tenant signs the N11 and moves on the agreed date. If a rental termination agreement is signed at the same time as the conclusion of the tenancy, the rental termination agreement is void and the landlord cannot rely on it. This Ontario Termination Agreement is used when a landlord determines that they wish to terminate a lease or lease with a tenant for any of the following reasons. If you have a tenant who is permanently behind with the rent or who is no longer allowed to live in their unit, you can use this form to inform them that they are leaving the property on a certain date. When: Once you and your tenant have agreed to terminate the lease or lease, you can send them this notice. Until the expiration of the period of release of the property, you cannot take any other steps to persuade the tenant to evict. IMPORTANT: Please note that this agreement (Form N11) is not the first step in evicting a tenant who cannot or refuses to pay rent late.
It is simply an agreement to end the tenancy if you and the tenant agree that this should happen. If you are unable to communicate and believe that you must forcibly evict a tenant, you should refer to one of the above documents or one of our other Ontario-specific documents. They might tell you that you need to sign a notice or agreement to end your tenancy. These documents are usually found on one of these forms: sometimes landlords or new landlords tell tenants that they have to move because the place is sold. But that`s not true. A tenant cannot be forced to sign an agreement to end the tenancy. It must be an amicable agreement between the owner and the tenant. There does not have to be a reason for termination, and there is no specific time requirement for the date of termination, it can be set for any date on which the parties agree. In addition to this termination agreement (Form N11), as a landlord in Ontario, you may also find these resources and related documents useful: if there are 2 roommates, both can be listed in the same signature section and they can each sign in the field provided. The other option is to print 2 copies of the second page and have each tenant sign separately with the landlord. In the case of a flatshare, all roommates should sign the contract in order to completely terminate the tenancy.
A termination agreement would not be enforceable unless all roommates sign it and agree to leave. Otherwise, the rental with the remaining tenants continues. If the landlord and tenant mutually agree that the tenancy must be terminated, they use this form to terminate the relevant lease or lease, and the tenant agrees to move on a date indicated on the form. .