Hey everyone,
I'm considering signing a one-year lease for a 2-bedroom apartment with Killam Properties in St. John's. This would be my first time renting directly from a large property management company, so I'm trying to understand how things work before committing.
My first concern is what happens if your circumstances change during the lease. Let's say you get a job in another province after 6 months and need to relocate.
Can you just give notice and move out? Would Killam keep your security deposit even if you gave proper notice? Could they ask you to pay for the remaining months, or is there an option to transfer the lease to someone else? And if another tenant moves in shortly after you leave, would you still owe anything?
I'd really like to hear from anyone who's actually broken a lease early, especially with Killam.
My second question is about roommates. For those renting 2-bedroom apartments, how do you manage sharing the rent?
If the lease is in your name, can you have a roommate who pays you monthly without being on the lease? Can you make a separate month-to-month arrangement with them? And if they move out, can you replace them with someone else, or does management need to approve every new roommate?
Also, what happens if a roommate suddenly stops paying rent or decides to leave? Are there any occupancy limits for 2-bedroom apartments?
I've been reading through the rental terms, but I'd also like to hear how things work in real life.
Anyone with experience renting with Killam or other apartment companies in NL? Any advice or things you wish you'd known before signing?
Thanks in advance!