Occasionally tenants will have an item on their account that is labeled Interest - Interest Credit. It is in fact a credit to your account from the landlord. It is interest on the last month rent/rent deposit that they take when the tenants sign the lease. For example: Ontario rules say that the landlord must pay the tenant the interest on that deposit. Some choose to pay it all at Move out, others yearly. When paid yearly, it will reflect as follows.
For example: Ontario rules say that the landlord must pay the tenant the interest on that deposit. Some choose to pay it all at Move out, others yearly. When paid yearly, it will reflect as follows.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article