Early cancellation navigation
There are few questions asked more frequently than, ‘My tenant has cancelled early, what notice period should be given? What is the tenant liable for? Can the landlord cancel early?’
The right questions asked at the right time, lead to correct legal processes being followed. We see that every day!
So, to help you navigate your early cancellations, we created an Early Cancellation Chart for your office:
When is early cancellation too early?
The most important thing to consider first is whether Section 14 of the Consumer Protection Act applies to your lease agreement. The first step to determine this is to look at your lease period – is it running on a month-to-month basis, or does it have a fixed period?
Should the lease have a fixed term, the next factor you need to confirm is the legal identity of the parties to the lease agreement …
Click here to read the TPN Legal Overview on Early Cancellation.
Vacancy Survey 2023 Q3
The demand for residential rental property remains strong. Vacancies have declined nationally to 6.76% in the third quarter of 2023, the lowest since 2017. Despite a constrained economy, tenants have continued to meet their rental obligations with te…