Best practices with rental housing
-Never give out any personal or financial information (e.g. social insurance number, bank account number) by email or over the phone.
-Never agree to wire funds to a seller. A legitimate seller will not pressure you to use a money transfer company only.
Never allow renters to pay more than the asking price – this is a common scam.
-Never agree to involve third parties or intermediaries in a payment scheme.
-Independently verify a landlord’s name, street address, and telephone number. If possible, ask for references.
-We strongly encourage users to deal only with renters or buyers local to them.
-When receiving payment, wait for the cheque or money order to clear the bank before proceeding.
-Don’t give in to pressure to close a deal quickly. Scams depend on decisions made in haste.
-We strongly encourage renters to inspect a property before signing a lease agreement.
-Review the terms of a lease agreement thoroughly before signing. Ask questions about any terms that are unclear to you.
-Learn your rights as a tenant. The Landlord Tenant Board (www.ltb.gov.on.ca), legal resource centres and other agencies can provide information how Ontario’s Residential Tenancies Act applies to you.