51 (1) A tenant who receives a termination to terminate a lease under section 49 [Use of the Property by the Lessor] is entitled to receive from the lessor, on or before the effective date of the lessor`s termination, an amount corresponding to a monthly rent payable after the lease agreement. A surety – often called a „surety“ – insures the lease for you and your landlord. Once your deposit is paid, you can`t choose to move elsewhere and your landlord can`t choose to rent to someone else. If you pay a deposit but don`t put yourself on deposit, your landlord can keep your deposit. You may even have to pay extra money to cover the costs of rereletting your unit or to cover your landlord`s shortfall if they can`t find a replacement tenant. 3.
September 12, 2021