Sublet Information The Ontario Residential Tenancy Act (RTA) allows a tenant to sublet their leased space with the consent of the Landlord. A sublet of a leased space has taken place if the tenant requests that the Landlord agrees to allow the tenant to give permission to another person to occupy their lease space for a period of time within the lease term During the term of a sub-tenancy, the Landlord (King Street Towers) maintains all rights and responsibilities as they pertain to the original tenant and will hold the original tenant responsible for any breaches of the tenant’s obligations The original tenant may not charge a subtenant an amount for rent that is higher than the lawful rent (the amount the tenant is required to pay the Landlord as per the lease agreement) o The sublet will pay you directly; we recommend getting a last month’s rent deposit from them and/or setting up a payment agreement. You will continue to pay the landlord for your monthly rent regardless of what your sublet pays you. Only tenants who are current on payment of rent and other charges will be granted permission to sublease The following outlines the steps a tenant must take to obtain approval from King Street Towers to sublet the leased space: 1. Find a subtenant who is willing to occupy your lease for a period of time within your lease term. 2. Inform your roommates of your intention to sublet. - If you are on a group lease, all leaseholders will need to sign the “Sublet Signature Form” to indicate they approve of the subtenant - If you are on an individual lease, it is important to sublet to someone who meets the criteria of your unit’s dynamic. (ie. Prospect is a female in an all-female unit, the prospect has a pet, etc.) If you are subletting to a person who is different from your unit dynamic, all leaseholders must sign the “Sublet Signature form” to indicate they approve of the prospective subtenant 3. Please submit these completed forms to the main office: a. Sublet agreement b. Schedule A with the subtenants contact information - The Schedule A is where you indicate any extra conditions you may have (i.e. no pets allowed, rent must be paid to you on the first, etc) c. A copy of the subtenants government-issued ID d. Signed Sublet Signature form (if applicable) 4. Once you receive approval from the Landlord, surrender building access privileges for the duration of the sublease and arrange move-in times, key exchange, and room inspection as this will not be facilitated by the office Sublet Agreement This agreement is for room in unit at King Street Towers between: ; hereinafter called the “Tenant”; the leaseholder for the room listed (Tenant name) above and ; hereinafter called the “Sub-Tenant”. (Sub-tenant name) Whereas the Tenant is a signatory to a certain Lease Agreement for the room Listed above between the Tenant and the Landlord; hereinafter referred to as the “Tenancy Agreement”. This agreement details the temporary occupancy of the Sub-Tenant in the premises listed above that is currently rented by the Tenant. 1. The Sub-Tenant’s tenancy shall commence on and shall be complete and (Sub-tenancy start date) ended no later than . This ending date CANNOT exceed the ending date of the (Sub-tenancy end date) Tenancy Agreement. 2. The Sub-Tenant shall pay to the Tenant the sum of _ per month. Please note, it is illegal for (Monthly rent amount) the Tenant to charge the Sub-Tenant more than the monthly rental price indicated in the Tenancy Agreement. 3. The Sub-Tenant shall abide by all terms and conditions in the Tenancy Agreement as if they were the signatories thereto. 4. The Sub-Tenant must be approved by the Landlord for this agreement to be binding and valid. The Sub-Tenant must meet the guidelines outlined in the Sublet Information Form. 5. The Tenant shall remain, at all times, responsible to the Landlord for the rent and any other fees related to the Tenancy Agreement and responsible to the Landlord for any damages/repairs that are a result of the Sub-Tenant. The Sub-Tenant are responsible to the Tenant. 6. It is the Tenant’s responsibility to communicate any relevant correspondence from the Landlord to the SubTenant. This includes notice of entry’s, updates, policy changes, etc. 7. Special conditions that are to apply to this agreement are noted “Schedule A” Page 2 of this document This agreement signed this date, Sub-tenant photo ID attached Sub-Tenant Signature: __________________________________ Tenant Signature: ______________________________________ Landlord Signature: _____________________________________ A signed copy of the Sublet Agreement must be submitted and approved by Management a minimum of 7 business days prior to the start of the sublet agreement Management will not provide access to a unit/bedroom without a Sublet Agreement on file. If the Tenant has not completed the check-in process with Management, the Sub-Tenant is not permitted to complete the check-in process, including the unit inspection without the written consent of the Tenant SUBTENANT CONTACT INFORMATION: First name: _________________________ Last Name: __________________________ Cell phone number: ___________________________________ Email Address: ______________________________________ SCHEDULE A I II III IV V VI