Ontario tenant requests to break lease early; giving 60-day notice
My Ontario tenant has a fixed 1-yr lease. We are about six-months into the lease term.
The lease is Sep15-2019 to Sep14-2020
On Feb 13, he requested to move out on April 30 or May 31 at the latest. That means he's giving well over 60-days notice.
He's been a good tenant. We've had a good quiet relationship. No news is good news.
From what I've researched, as long as he gives me over 60-days notice, and I (the landlord) agrees to the termination date, there is no grounds for penalty against him, is my understanding correct?
As an Ontario landlord, I don't think I should fight this as I'm aware the law is not on my side, and there is a great risk of lost opportunity.
I'm not trying to be an a$$hole about it, but it appears too easy for a tenant to break a legal contract with zero repercussions. The standard Ontario lease agreement which was used, does not mention anything about possible penalties. Breaking a lease early puts additional stress, work, and risk on the landlord, even though the point of a proper 1-yr contract is to allow the landlord to relax a little bit for that year. Would be nice if the landlord was compensated a little for the additional troubles incurred.
any opinions or experience ?