You may find yourself having to move to a new residence before the end of your tenancy agreement. Perhaps you have been transferred, or you purchased a home. Nonetheless, you are still responsible for the rent owing on the remainder of your lease.

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If you find yourself in this situation, you will most likely need to find someone to whom you can sublet the premises. Subletting is a legal arrangement between you and another tenant. That person (the sublessee) agrees to live in your place, pay rent and respect the requirements of the rental agreement between you and your landlord.

When subletting, you are still the party responsible to the landlord, which means you are responsible for the sublessee's actions should he or she not respect the rental agreement. This responsibility includes damages and non-payment of rent. Be sure to sublet to someone you trust, preferably someone you already know. Subletting to an irresponsible person could result in having to pay for damages that you did not cause.

Read the whole article at the CMHC Website