Tenancy Act

Rent Deposit in Toronto

Rent Deposit in Ontario

Rent Deposit in Ontario A rent deposit in ontario cannot be more than the lesser of the amount of rent for one rental period or one month. Any reference to a security deposit is automatically deemed to be a rent deposit for purposes of the Act and the maximum rent deposit is one month’s rent. Practitioners should be aware of certain important requirements regarding rent deposits: If the lawful...

Rent Increase in ontario

Rent Increase in ontario

Rent Increase in Ontario The Residential Tenancies Act provides that no charge of rent or increase of rent is allowed greater than the lawful rent permitted. Lawful rent for a new tenant is the first rent charged to that new tenant, subject to certain qualifications outlined in the Act; e.g., selected provisions relating to rent premiums and discounts. The topic of lawful rents has...

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