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How can you break your lease as a tenant in Nova Scotia? As a tenant, you can legally quit your lease at the end of your tenancy and are required to give notice to the landlord. By law you must give the following notice: Year-to-year tenancy: At least three months before the end of your lease.
What is the difference between a lease and a tenancy agreement?
In commercial terms, a tenancy agreement is considered a periodic lease whereby the landlord or tenant can issue a termination period of one month. Under a lease, the terms are set and the lessor cannot easily introduce new terms into the lease until they expire.
How much can a landlord increase rent in Nova Scotia?
Legislative changes to the Residential Tenancies Program. Changes come into effect 1 February 2022 and 21 March 2022. Starting 1 February 2022 \u2013 A rent cap is in place until 31 December 2023. For existing tenants, rent can only increase up to 2% each year.
What is a fixed term lease in Nova Scotia?
Fixed term leases do not have a notice period. The tenancy period ends on the date stated in the lease. There is no right or obligation to stay in the rental unit after the fixed term lease ends.
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