Elucidate termination of a Lease

Question

Elucidate termination of a Lease?

Answer 1

A lease may be terminated by one of the following:

1. Surrender – The tenant vacates the premises at the expiration of the lease (or during the lease, by agreement with the landlord).

2. Forfeiture – The landlord evicts the tenant.

3. Notice to quit – A periodic tenancy is ended by either the landlord or the tenant serving a notice to quit upon the other party. The length of notice required is normally set by provincial legislation, although the parties may alter the period by an express term in the lease.

4. Renewal – A lease for a term certain often provides for a renewal at the option of the tenant.