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Thread: apartment for rent

  1. #1
    Getting my Feet Wet
    Join Date
    May 2007
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    7

    Default apartment for rent

    two bedroom apartment. rented.

  2. #2
    Senior Member
    Join Date
    Jan 2003
    Location
    Soo
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    4,508

    Default Re: apartment for rent

    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).

    </div></div>

    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).
    </div></div>

  3. #3
    Senior Member
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    Sault Ste. Marie, ON
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    Default Re: apartment for rent

    Cant ask for a security deposit in Canada. It's illegal as Short Cirutz said

  4. #4
    Senior Member
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    Feb 2004
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    Default Re: apartment for rent

    pwned

  5. #5
    Getting my Feet Wet
    Join Date
    May 2007
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    7

    Default Re: apartment for rent

    We hope your question was answered ,we change the post to make it more clear to everyone Thank you for your interest.

  6. #6
    Senior Member
    Join Date
    Nov 2001
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    Sault Ste. Marie
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    327

    Default Re: apartment for rent

    There are new rules for landlords and tenants as of the beginning of 2007.

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