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• Deposit regulations vary by province.
  
  
  For instance, in Ontario:
  
  1. Landlords are NOT allowed to ask for a damage deposit.
  
  2. Landlords are permitted (and it is almost mandatory) to ask for 'Last Month's Rent' - deposit equiv to 1 month's rent value, which would be refunded to you (with interest), if your rent is up to date upon vacancy.
  
  
  However, in Alberta:
  
  1. Landlords are NOT allowed to ask for 'Last Month's Rent'.
  
  2. Landlords are permitted (and is almost mandatory) to ask for Damage Deposit valued equiv to HALF of 1 Month's Rent value.
  
  So it will depend on exactly where in Canada you are speaking about...
  
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  Anonymous 29 mrt 2006, 07:43 - Rapporteer misbruik

security deposit for apartment rentals