First year lease useless/pointless?
My friend (a landlord) just told me his tenant after 7 months has told (email) him that they are leaving, their job is sending them out of Toronto. So they can do assignment or let them just leave.
My friend says he'd rather search for a tenant himself rather than the tenant find someone. That new tenant could be bad, who knows. My agent also tells me, he knows from speaking with the board, that a landlord can only reject a tenant's assignment if the potential new tenant has HORRIBLE credit history. If not, the landlord has no grounds to reject the assignment's new tenant.
So, bascially, is this first year lease contract useless/pointless?
My friend says he'd rather search for a tenant himself rather than the tenant find someone. That new tenant could be bad, who knows. My agent also tells me, he knows from speaking with the board, that a landlord can only reject a tenant's assignment if the potential new tenant has HORRIBLE credit history. If not, the landlord has no grounds to reject the assignment's new tenant.
So, bascially, is this first year lease contract useless/pointless?