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Section 48.1 of the RTA requires that compensation equal to one month's rent be paid to the tenant prior to the termination date specified on the N12 notice. Landlords may file an application with the LTB to obtain an order terminating the tenancy pursuant to the notice prior to the termination date.
Tenants named on the tenancy agreement are responsible for the rent. And if the tenant exits the property while the rental contract is still in effect, they are liable to pay their share of the rent.
If Your Tenant Has Moved Out Use the Application to Collect Money the Former Tenant Owes (L10). You can only file this application if the tenant moved out of the rental unit on or after September 1, 2021. You cannot file this application more than one year after the date the tenant moved out.
If one tenant leaves, the remaining tenant may be liable for the full amount of monthly rent. A landlord may review the rent-to-income ratio of the remaining tenant if the tenant wants to stay and keep paying the rent. New roommates should be screened before being added to the lease agreement.
A landlord can give a tenant a Form N4 notice as early as the day after the rent is due. For example, if rent is due on the 1st of the month and is not paid in full, the landlord can give the Form N4 on the 2nd day of the month. Landlords are encouraged to act promptly and issue notice as soon as possible.