Renting out a property in Ontario comes with clear rules. Getting them right from the start protects both you and your tenant.
Use the Ontario Standard Lease
Most private residential tenancies in Ontario must use the province's Standard Form of Lease, which sets out the rent, deposit, services and rules in plain language.
Deposits
Landlords can generally collect a rent deposit of no more than one month's rent, applied to the last month of the tenancy. A refundable key deposit is also allowed. Damage deposits are not.
Screening tenants
Typical screening includes a rental application, credit report, employment and income verification, and references from previous landlords, applied consistently to every applicant.
How Alexey helps
Alexey prices your rental against current comparable rents, markets it, screens applicants, and prepares the lease, so you find the right tenant quickly.
Alexey Kopeykin, Sales Representative, Zolo Realty Brokerage Inc. Published September 2026. General information, not legal or tax advice; confirm details for your situation.