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You should never agree to a requirement in your tenancy agreement if you are unsure of its effect!

Disclaimer: The articles provided herein are for general information purposes only and not intended as or to be relied upon for legal advice.

In other provinces, such as British Columbia or Manitoba, post-dated cheques may be requested by landlords.

So remember, in the rush of signing a tenancy agreement and moving into a new place; do not neglect to read over your tenancy agreement.

We do this because of where our paydays fall, which are generally after the first of the month but before the fifth due to employer weirdness.

This month, instead of holding the check until the fifth, they cashed it the 2nd, and it posted today, overdrawing my account.

Your landlord cannot directly or indirectly require or attempt to require from a tenant any fee or deposit of this nature. If a landlord accepts a security deposit that is greater than this amount, you have the right as a tenant to deduct the overpayment from your next rent payment or recover your overpaid rent.

A post-dated cheque is a cheque that is dated for a future date.

Consumers are often unaware of their rights and obligations and so have an unequal bargaining position with a potential landlord.

Here’s a breakdown of rental laws for post-dated cheques & security deposits.

Security Deposits A deposit is usually demanded by the landlord in order to use all or part of the deposit to cover any damages to the property caused by the tenant or to cover rent should a tenant fail to make a rent payment.

The legal limit for deposit and the type of deposit allowed will vary from province to province.