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Only a rent deposit, of no more than one month's rent, which is applied to the last month of the tenancy; the landlord pays interest on it every year at the rent increase guideline rate. Damage and pet deposits cannot be required, though the standard lease has a place for a refundable key deposit.
For most units, once every 12 months, with at least 90 days' written notice, and by no more than the provincial guideline: 1.9% for increases taking effect in 2027. Units first occupied for residential purposes after November 15, 2018 are exempt from the guideline, but not from the notice and 12-month rules.
Ontario Regulation 290/98 lets a landlord ask for credit references, rental history and permission for a credit check, and to look at income alongside them. The Ontario Human Rights Commission says having no rental or credit history is not the same as having a bad one.
There are three ways: agree with the landlord to end it, on the Landlord and Tenant Board's Form N11; assign the lease to someone else; or, in cases of abuse, give a confidential 28-day notice.
