Finding a suitable rental in Ontario can be difficult. As you hunt for rentals, there are people who might want to take advantage of your situation and profit from it illegally. It is important to be on the lookout for warning signs of possible scams, and understand your rights at the same time.
A housing scam can come in many forms. Someone can attempt to trick you into paying for a unit they do not own or have control over. They may also try to trick you into giving them your personal information for unsavory purposes.
In Ontario, most landlords require first and last month’s rent when you sign a lease agreement. It is also normal for them to ask for some personal details to run a credit check on you.
However, some landlords may illegally ask you for extra fees or costs you do not have to pay. That is why it is important to know your rights as a tenant under the Residential Tenancies Act (RTA).
Here are a few warning signs of possible scams:
Below are a few tips to avoid housing scams:
If you think you have been a victim of a scam contact the local police or the Canadian Anti-Fraud Centre. You may also want to contact the Landlord and Tenant Board. For more information, feel free to reach out to us.
This article offers general information only, is current as of the date of publication, and is not intended as legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. While the information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Tenantcube Inc. or its affiliates.
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