glossary

deposit

English

Money you give someone for them to hold and to count towards something you will have to pay later. In Ontario, the only deposit a landlord can make you give them is the amount of rent for one period. Usually this means one month's rent. The landlord can only use this for the last rent payment before the tenancy ends. It is often called a security deposit, last month's rent deposit, or LMR.

Topic: 

Parlez Français