security deposit for apartment rentals

  • Do I need to leave a security deposit for the rental of an apartment in Canada?

    20 mrt 2006, 06:07 Anonymous
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  • Canada Relocation Support Now at: http://www.mynupad.com

    Deposit regulations vary by province.


    For instance, in Ontario:

    1. Landlords are NOT allowed to ask for a damage deposit.

    2. Landlords are permitted (and it is almost mandatory) to ask for 'Last Month's Rent' - deposit equiv to 1 month's rent value, which would be refunded to you (with interest), if your rent is up to date upon vacancy.


    However, in Alberta:

    1. Landlords are NOT allowed to ask for 'Last Month's Rent'.

    2. Landlords are permitted (and is almost mandatory) to ask for Damage Deposit valued equiv to HALF of 1 Month's Rent value.

    So it will depend on exactly where in Canada you are speaking about...

    GET MORE FACTS LIKE THIS AT:

    Relocation-Canada
    Sharing News, Knowledge and Support
    http://www.relocation-canada.com

    Anonymous 29 mrt 2006, 07:43 - Rapporteer misbruik
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