How much bond do you collect from in going tenants?
We collect the maximum bond allowed under the RTA. By collecting a 4 week bond we are able to protect you as the owner if the tenant defaults on their rent or if they cause any damage to the property. When renting out rooms in a Boarding House situation we may take a 2 week bond. Pet bonds are not allowed under the RTA. All bonds collected are lodged with Tenancy Services as required under the RTA.
Posted in: Landlords FAQ