Damage deposit : 50% of one month's rent
Pet deposit : 50% of one month's rent
Move-in/Move-out fees if established by strata bylaw : Max 3% of one month's rent
For the damage and pet deposit, the amount must be held in trust, collects standard bank interest rates, and must be refunded in full with interest or there must be an itemized invoice listing all repairs/cleaning costs incurred (and costs must be reasonable, you cannot charge $1500 to repaint).
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u/red286 Jul 22 '26
Weird. Where I am, the only legal fees are :
Damage deposit : 50% of one month's rent
Pet deposit : 50% of one month's rent
Move-in/Move-out fees if established by strata bylaw : Max 3% of one month's rent
For the damage and pet deposit, the amount must be held in trust, collects standard bank interest rates, and must be refunded in full with interest or there must be an itemized invoice listing all repairs/cleaning costs incurred (and costs must be reasonable, you cannot charge $1500 to repaint).