Avoid Cash Transactions and Deposits
If a landlord asks for a cash rental deposit before showing the property, there’s a 99.99% chance it’s a scam. Especially avoid payments through cash, wire transfers, or Bitcoin.
When renting, always ensure you sign a Residential Tenancy Agreement with the landlord before paying any deposit. If a deposit is requested before signing a rental contract, treat it as a red flag and look for another property.
Don’t Sign a Lease Without Seeing the Property
Finding a rental in Toronto isn’t easy. Landlords are cautious, and it can be difficult to find a place that meets their criteria. Many renters, in desperation, may sign contracts without seeing the property, but always make sure to view the home first before committing.
Meet the Landlord in Person
If possible, always meet the landlord in person. Renting from someone in Toronto or nearby will reduce the chances of encountering a scam. Meeting in person also gives you a better sense of who the landlord is and if they are trustworthy. Be cautious if the landlord refuses to meet in person.
Ask Current Tenants About the Property
If the property is currently rented, ask the existing tenants about their experience. This will give you a better sense of whether the property is legitimate and whether the landlord is trustworthy.
Beware of Too-Good-To-Be-True Prices
Rent in Toronto is expensive, and it’s common for four people to share a single room. If you see a rental listed significantly below the usual market rate, it could be a scam. For example, if a one-bedroom normally rents for $2,700 but is suddenly listed for $2,000, be wary. Landlords are not charities—such a price difference is likely a scam.
Avoid High-Pressure Landlords
If a landlord pressures you to sign a lease immediately by claiming that others are interested or the property will be gone if you don’t act fast, be cautious. Such behavior is a red flag, as these landlords may impose unreasonable terms or conditions after you’ve signed the lease.
Always Request a Lease Agreement
A contract is a must between a landlord and a tenant. Oral agreements or contracts drafted by the landlord are not ideal; the best option is the Residential Tenancy Agreement (Standard Form of Lease). This is required in Ontario to ensure that the lease is legally binding and protects you from scams.
Check the Landlord’s Identity
As a tenant, you have the right to verify the landlord’s identity. Ask to see the landlord’s ID and property tax statement to confirm that they are who they claim to be. If the name on their property tax statement matches the name on their driver’s license, there’s a high likelihood that they are legitimate. If someone else is renting the property on behalf of the landlord, request their Residential Tenancy Agreement to confirm the landlord’s identity.