Note: This is for informational uses only. Check out the Landlord and Tenant Board for more info.
In the summer months of the year, where students at Western University and Fanshawe College are beginning to think about the upcoming school year, there are others who are dreading it. For various reasons (OSAP didn’t work out, bank loan didn’t go through, parents cannot help with enough funding, summer job is not paying enough, did not get into the desired program, wants to take a year off, etc.) students who planned on coming back to school in the Fall are no longer doing so.
If you are locked into a lease, and you know that there is a 100% chance that you will not be living in the property come the academic year, talk to your Landlord as fast as possible. They are the ones who can agree in writing to release you from you lease, almost immediately. Sometimes this approach works, depending on the situation. We have seen this happen before, especially when the owner has enough time to market the property to another individual to not have a vacancy in your unit.
Subleasing is also another way to remain on the paperwork, but not be totally on the hook for the rent. Western University Off Campus Housing and Fanshawe College Off Campus Housing have great resources for students in regards to educating students on the process of subleasing, and once a subtenant is obtained, how to sign them to an agreement where you are protected. Check these resources out and let us know what you think.
In the summer months of the year, where students at Western University and Fanshawe College are beginning to think about the upcoming school year, there are others who are dreading it. For various reasons (OSAP didn’t work out, bank loan didn’t go through, parents cannot help with enough funding, summer job is not paying enough, did not get into the desired program, wants to take a year off, etc.) students who planned on coming back to school in the Fall are no longer doing so.
If you are locked into a lease, and you know that there is a 100% chance that you will not be living in the property come the academic year, talk to your Landlord as fast as possible. They are the ones who can agree in writing to release you from you lease, almost immediately. Sometimes this approach works, depending on the situation. We have seen this happen before, especially when the owner has enough time to market the property to another individual to not have a vacancy in your unit.
Subleasing is also another way to remain on the paperwork, but not be totally on the hook for the rent. Western University Off Campus Housing and Fanshawe College Off Campus Housing have great resources for students in regards to educating students on the process of subleasing, and once a subtenant is obtained, how to sign them to an agreement where you are protected. Check these resources out and let us know what you think.
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