The housing market in Quebec is the scene of conflicts of interest that raise concerns about equity and social justice. On one hand, tenants have an interest in containing rent increases and have the right to housing. On the other hand, private property owners view these buildings as investments from which they expect appreciation. This is especially true as the costs of real estate construction have significantly increased (another interest in the balance: the construction market). This appreciation can only be achieved through rent increases to make the acquisition profitable for future buyers. Finally, property managers (who are often the owners themselves) aim to generate annual profits, despite rising maintenance costs.

In short, the interests of tenants are outnumbered 4 to 1! Tenants against property owners, managers, the construction market, and the building maintenance market. Of course, these four groups are the main clients of financial institutions and are more likely to contribute to political parties. So, at first glance, the odds are stacked against tenants.

Fortunately, thanks to several citizen struggles to try to curb this imbalance, various mechanisms have been put in place over time. One of them is currently in jeopardy in Quebec: lease assignment.

Lease assignment allows a tenant to transfer their lease to another interested person, who then becomes responsible for rent payment and contractual obligations. This process provides some flexibility for tenants and can help mitigate their disadvantage in the balance of interests involved.

When we know that rents increase 4 times faster when landlords can sign new leases, we understand why those opposed to tenant interests want to prevent lease assignments. Indeed, under the same lease, rent increases are easier to regulate, and the situation is less threatening for the new tenant who already has a secured rent.

In conclusion, lease assignment plays an important role in maintaining balance in Quebec’s housing market. This right of tenants is an essential tool in the government’s arsenal to address the housing crisis that plagues us. It is all the more important to preserve it as the other tools are either poorly sharpened or lack fuel.

Co-signatories