No, that is incorrect. There is no basis in legislation for the right to terminate early being mutual or only granted to one party, rather it is a result of market practice. Both type of options have always been feasible legally have and been in use, it is just that the landlord's termination option has been rare (although there occurrence has been increasing slightly over the last few years, possibly due to the depressed housing market post-SARS etc.) as few tenants have been willing to accept such a clause (for exactly the reason I stated above - who would want to take the risk of having to move out of their home on relatively short notice). On the other hand early termination options to the tenant are very common - every single lease that I have signed (with monthly rents from $2,000 upward) has had this option.