Tenancy agreement

[RamMur]

Good Day all,

I have rented a condo town house in Toronto. My family will be moving to Canada after few months. Meanwhile I am renting out the rooms. I have signed an agreement with the owner company of the condo property. Do I need to get a signed agreement from my tenants for subletting the rooms. Do I need to take any insurance for renting out the rooms. Is there any other precaution I need to take. Kindly clarify.

 

[ALRIVAS]

Hi RamMur read your contract very carefully if you signed with a management company is very likely you are not allowed to sublet because of the risk involved.
If you rent a room the tenant becomes your tenant and the tenant is responsible for content insurance as you are for yours.
I'm very positive that if your landlord finds out you rented a room he or she won't be happy.

 

[RamMur]

Thanks for the response. Apart from that concern is there any other legal issue that I should take care?

Ram

 

[Imran ktk]

Hi... I am going to break the tenancy contract. can anybody advise to minimize the damages on my part...thanks

 

[ALRIVAS]

Hi Imran ktk best way I 've seen is pay an extra month take your loss and leave.