Landlord Guide: Managing a Rental in Ontario
By Summitly Editorial·Reviewed by Coldwell Banker Summit Realty, a RECO-registered Ontario brokerage
Quick answer
Managing a rental in Ontario means listing the unit, screening tenants (credit, income, references, LTB history), signing the mandatory Ontario Standard Lease, collecting only first and last month's rent, following rent-increase rules (guideline plus proper notice), keeping the unit in good repair, and using the Landlord and Tenant Board for disputes. Verified-tenant screening and the standard lease prevent most problems before they start.
List and screen tenants
Market the unit, then screen applicants on credit, income at source, references and any Landlord and Tenant Board history. Strong screening is the single biggest predictor of a smooth tenancy.
Use the Ontario Standard Lease
Every residential tenancy in Ontario must use the provincial Standard Lease (Form 2229). Non-standard clauses are unenforceable, so don't rely on custom agreements.
Deposits, rent increases and repairs
- You can collect first and last month's rent only — damage and pet deposits are not allowed
- Rent increases are capped at the annual guideline with proper N1 notice
- Keep the unit in a good state of repair and provide vital services
- Give 24 hours' written notice to enter (except emergencies)
Disputes go to the LTB
Evictions and serious disputes are handled by the Landlord and Tenant Board — you can't change locks or shut off services. Document everything.
Key takeaways
- Screen tenants thoroughly — it prevents most issues.
- The Ontario Standard Lease is mandatory.
- Only first and last month's rent is allowed as a deposit.
- Rent increases and evictions follow strict RTA rules.
Frequently asked
What deposit can a landlord collect in Ontario?+
First and last month's rent only. Damage deposits, pet deposits and key deposits over $20 are not permitted.
How much can I raise the rent in Ontario?+
Increases are capped at the annual provincial guideline (with limited exceptions), and you must give proper written notice using Form N1.
Do I have to use the standard lease?+
Yes — every Ontario residential tenancy must use the provincial Standard Lease (Form 2229).