This is in regard to a apartment rental agreement in Ontario, Canada. Because of the recent higher inflation rate, it is likely that if I end my tenancy, the property owner will be able to charge significantly higher rent to the next tenant. There seems to be an opportunity for myself to profit from finding a new tenant and assigning occupancy to the new tenant. For no reason other than recent high inflation alone, it seems that I would be able to charge a (September 2022 post-inflation) higher monthly rate and still pay the property owner at my original rate, which in the past has seemed to increase at a low rate in this part of Ontario. I am not familiar with what kind of non-market forces have determined the slow rate of rent increase in this part of Ontario. I am planning to relocate abroad for several months. What are the risks involved in this idea, if it is even legal or practical?
The answer is that the raised idea is not legally feasible. A quote...
If you want to leave your place for a while and then move back in later, you might be able to sublet to someone else while you are gone. The person who you sublet to is called your subtenant.
You cannot charge your subtenant a higher rent than the landlord charges you.
Here is a link to the source...
The source is subtitled "Your guide to law in Ontario".