security deposit for apartment rentals

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

  20 mar 2006, 06:07 Anonymous

Respuestas

• 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
  

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