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sydney
06-06-2007, 09:51 PM
two bedroom apartment. rented.

Guest
06-07-2007, 10:32 AM
It's illegal to ask for a "security" deposit.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">part vii
rules relating to rent

General Rules

Security deposits, limitation

105. (1) The only security deposit that a landlord may collect is a rent deposit collected in accordance with section 106. 2006, c. 17, s. 105 (1).

Definition

(2) In this section and in section 106,

“security deposit” means money, property or a right paid or given by, or on behalf of, a tenant of a rental unit to a landlord or to anyone on the landlord’s behalf to be held by or for the account of the landlord as security for the performance of an obligation or the payment of a liability of the tenant or to be returned to the tenant upon the happening of a condition. 2006, c. 17, s. 105 (2).

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And also, most people don't know that:

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Interest

(6) A landlord of a rental unit shall pay interest to the tenant annually on the amount of the rent deposit at a rate equal to the guideline determined under section 120 that is in effect at the time payment becomes due. 2006, c. 17, s. 106 (6).
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DeleteAccout
06-07-2007, 03:15 PM
Cant ask for a security deposit in Canada. It's illegal as Short Cirutz said

Iverson3k
06-07-2007, 10:48 PM
pwned

sydney
06-08-2007, 02:02 PM
We hope your question was answered ,we change the post to make it more clear to everyone Thank you for your interest.

sweetsoo
07-02-2007, 10:34 PM
There are new rules for landlords and tenants as of the beginning of 2007.