What is the difference between assigning and subletting a unit?
Assigning a unit means that the tenant moves out of the unit permanently and transfers their tenancy to another person. Subletting a unit means that the tenant moves out of the unit for a period of time but plans to move back in before the end of the tenancy. A tenant must have the landlord’s approval to assign or sublet the unit, but the landlord must have a good reason to refuse. Refer to the Ontario Landlord & Tenant Board for detailed information.
Share This Story, Choose Your Platform!
Amit is a full time local REALTOR® with RE/MAX Real Estate Brokerage Inc. in Mississauga. RE/MAX is Canada's #1 real estate company. Team Kalia serves property sellers, first time buyers, investors, landlords, new immigrants and non-residents in Mississauga including Square One City Centre area. Team Kalia offers a 30 Days Sold Guarantee to Sellers. They also provide tenant finding services to their investor clients.