ITM 100 Lecture Notes - Lecture 3: Damages, Risk Management, Adverse Possession

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: O. Turetken

Document Summary

Expectations damages are usually reduced if a plaintiffdoes not reasonably mitigate and minimize his loses. When the tenant leaves the premises because they can"t pay the rent, the landlord has the right to sue you for damages. Provides place to live as stated by the residential tenancies act. In residential termination landlords do not have the right to just change the locks, they must. When a 5-year lease ends it can be extended, and therefore a new lease has been created. When the tenant requests termination, after a short lease they must give 1-month notice. Rent is always paid in the beginning of the month; therefore if the tenant asks to leave at the end of the month then the tenant is correct. Example: if the lease begins on the 30th of the month then it ends at the end of the following month.