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Hi,this is Nicholas Meyer Regarding leasing situation - just this past week weve had a tenant come to us and say they cant afford to continue on in the residence and theyre renting one of the more expensive suites in one of the more prestigious buildings in town the rents about 7000 a month so well a difficult situation They told us they probably wont be able to pay the rent next month we cant do anything, we cant re-lease the suite or do anything until we actually get a written notice from the tenant. Now once the tenant breaks the lease they are liable for any losses or damages that the owner might incur as a result of their lease breaking, so if theyre 3 months into the lease and theyve got 9 months to go and and it takes us 7 months to get the suite rented we would have the right to go to arbitration for 7 months rent. Plus theyre also responsible for the re-leasing fee which is half a months rent. so something that need to be thought of quite carefully especially if you