Quote Originally Posted by Laptop Surgeon
In Ontario, Landlord is entitled to collect 1st & last month rent only. NO other deposits is permitted (therefore damage, key, etc deposits are illegal), and get this "Landlord has to pay 6%/year on the last month deposit" back to the tenant. It is illegal for the Landlord to ask for post dated cheques.

If the tenant is late in payment, you can serve the N4 (Notice of termination of tenancy for non payment of rent) right away. There is a 2 week grace period before you can make application to the rental tribunal.

http://www.orht.gov.on.ca/userfiles/..._3_5230_1.html

this is a useful resource for both landlords and tenants. (Applicable for Ontario only).
all the necessary notices and applications are in pdf format.

You think this is bad? The law in Quebec is just about 10x worse.

On a late payment, application can ONLY be made 3 weeks after the 1st. Then it takes about a month to go to the tribunal, which then gives another 2 weeks for them to move away and run with your money. Add to that about 329847324832 other laws that protects the tenant and you'll realize how frustrating it is to be a landlord in Quebec where the tenants have every rights and the landlord none.

I'm currently fighting a case from a tenant that owes me 4 months (because of all judicial delays) of rent. Probably will never see the color of this $

just my 2 c