Breaking a lease
Early Termination of Your Tenancy Agreement
If you need to end your fixed-term tenancy agreement early, you may be responsible for certain costs associated with finding a new tenant (reletting costs).
Key Changes Effective September 30, 2024:
For fixed-term agreements signed on or after September 30, 2024:
Reletting costs are now calculated as the lesser of:
The cost of rent until a new tenant moves in, or
A calculated amount based on how much of your original lease term had expired when you left.
No other reletting fees can be charged.
For Agreements Signed Before September 30, 2024:
If your existing agreement contains a clause requiring you to pay "reasonable reletting costs," and it complies with the previous legislation (s357A(1)), that clause remains valid and enforceable until the end of your lease term.
Early Termination of Your Tenancy Agreement
If you need to end your fixed-term tenancy agreement early, you may be responsible for certain costs associated with finding a new tenant (reletting costs).
Key Changes Effective September 30, 2024:
For fixed-term agreements signed on or after September 30, 2024:
Reletting costs are now calculated as the lesser of:
The cost of rent until a new tenant moves in, or
A calculated amount based on how much of your original lease term had expired when you left.
No other reletting fees can be charged.
For Agreements Signed Before September 30, 2024:
If your existing agreement contains a clause requiring you to pay "reasonable reletting costs," and it complies with the previous legislation (s357A(1)), that clause remains valid and enforceable until the end of your lease term.
Online Reletting Costs Calculator
Because every tenancy agreement is unique, the RTA cannot advise on specific reletting cost calculations. The most accurate way to determine these costs is for both parties—tenant and property manager/owner—to work together using the formula provided in the legislation.
To assist with this process, RTA offer an online reletting costs calculator.
This tool is designed for:
Tenants and property managers/owners.
Whose fixed-term agreement began on or after September 30, 2024.
How it works:
The calculator provides a general estimate based on your specific lease details and the legislative guidelines. It is meant to offer transparency and help both parties understand potential costs.
Please note:
The calculation does not include any outstanding amounts, such as:
Unpaid rent
Cleaning fees
Repair costs for damages
For a final amount, our property manager will perform our own detailed calculations tailored to their specific situation.