Let’s begin by saying that a landlord in Ontario only has the right to ask for first and last month’s rent with respect to an application for an apartment. They can ask for no more – and most are unwilling to accept less. … Last month’s rent deposit can only be applied to pay for the last month you live in the apartment.
Do you always have to pay first and last months rent?
Do you always have to pay first and last month’s rent? No, you are not always required to pay first and last month’s rent. … Many landlords and property managers require some form of upfront costs and even a mixture of first month’s rent, last month’s rent, and a security deposit to secure their investment in your lease.
Is last month’s rent or damage deposit illegal in Ontario?
Question #2: Does the rent deposit serve any purpose? Unlike a security deposit, you cannot use the rent deposit to pay for things like property maintenance or damage repairs before or after a tenant moves out. As an Ontario landlord, you can only use the rent deposit as the last month’s rent payment.
Can you ask for last month’s rent in Ontario?
A landlord can demand a last month’s rent deposit on or before the landlord and tenant enter into the tenancy agreement. The rent deposit is to be for one month’s rent or the rent for one rental period, whichever is less.
Why do they ask for first and last month’s rent?
So, by collecting first and last month’s rent, in addition to a security deposit, landlords are more likely to attract high-quality tenants. Additionally, by providing the total amount upfront, the tenant is showing they are financially responsible. Thus, the chances of missed or late rent payments are likely lower.
Do apartments ask for first and last?
For most, renting an apartment comes with many, many fees up front. The standard is usually two months’ rent – first and last – along with a security deposit. … In this case, the security deposit serves as the property management’s rent insurance.
Can I use my deposit for last month rent?
Security deposits cannot be used to pay the last month’s rent unless the landlord specifically agrees to allow it. Many tenants feel entitled when leaving a property, especially if they have had a bad experience or haven’t had a good working relationship with their landlord.
What happens when lease ends Ontario?
In Ontario, when a residential lease expires, and there is no new lease, the tenancy automatically becomes a month-to-month tenancy. … In comparison, tenants under leases would be responsible to pay for the full term of the lease even if they wanted to move out sooner.
What if my landlord keeps my deposit?
If your deposit didn’t need to be protected and your landlord refuses to give it back, you might have to take them to court. Going to court can be expensive and stressful. You’ll have to pay court costs upfront but you might get them back if you win your case.
Can a landlord ask for first last and deposit Ontario?
A landlord can only ask for a last month’s or last week’s rent deposit , or a deposit for keys. A landlord is not allowed to ask for: … first month’s rent (or first week’s rent in a week-to-week rental) before you move in. post-dated cheques or other kind of pre-authorized payment.
Is it legal to ask for first last and security?
Landlords may legally ask for security deposits, damage deposits, pet deposits, key deposits and last month’s rent under California law. But that doesn’t mean landlords get to layer on deposits or impose nonrefundable deposits, which are illegal in California.
Can a landlord ask for 6 months rent in advance Ontario?
The problem is that under Ontario’s Residential Tenancies Act, a landlord cannot request more than first and last month’s rent before a tenant moves into the property. The Act also states that anything in a lease that violates the Act is void.