Do I Need To Pay First And Last Month’s Rent in Ontario?

Yes, landlords in Ontario can legally collect a first and last month’s rent deposit when you sign a lease, equal to one month’s rent.

How It Works

• First month’s rent: Paid at signing and covers the first month of your tenancy.
• Last month’s rent: Held by the landlord and applied to the final month of your lease.
• Deposit amount: Both deposits must match the agreed monthly rent.

Tenant Protections

• The last month’s deposit can only be used for the final month’s rent, not for damages or missed payments.
• If rent increases during your tenancy, your landlord may request a top-up to the last month’s rent deposit.
• The Residential Tenancies Act governs deposits, ensuring fairness for both landlords and tenants.

Why It Matters

Being prepared to provide first and last month’s rent helps ensure a smooth leasing process. Tenants should always confirm amounts in writing and understand how deposits are applied.

The Fox Marin Team educates its tenant clients on Ontario’s rental deposit rules, ensuring you know your obligations, your protections, and what to expect when signing a lease.

 

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