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February 2019

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Everything you need to know about rental deposits
  Dear Guest,

Everything you need to know about rental deposits The rules for handling rental deposits are very clearly outlined in the Rental Housing Act, and yet certain misconceptions still occur amongst landlords and tenants. 1. Who is responsible for managing the deposit? A tenant's deposit is typically held by the individual or company managing the rental property. This could be a managing agent, or it could be the landlord. It's normally easy to tell who is responsible, since they will be the ones collecting your rent. 2. Why are there separate deposits for damages and services? Many tenants will be faced ...READ MORE

Pranil Maharaj
Principal, Prime Property
 
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