Is the Last Month’s Rent Deposit Refundable?
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Your last month’s rent (LMR) deposit will be applied to the rental amount owed on your last month of living at a Tricon Residential property. At the end of your lease term, should you wish to vacate the property, a 60-day notice to vacate is required. For example, if your lease term ends on December 31, 2023, and you wish to vacate the suite at this time, a notice to vacate needs to be received by our management office no later than November 1, 2023. Your last month’s rent deposit will be applied to the rent that will be due on December 1, 2023.