Some renters find themselves wondering, “Can a landlord charge me if I lost my keys?” The simple answer is yes, and in today’s post, we’ll explain why. Understanding your rights as a tenant is essential to avoid surprises, so let’s break down what Ontario law says about key deposits and replacement charges.
Why Can Landlords Charge for Lost Keys?
In Ontario, landlords are allowed to ask tenants for deposits, but only in two cases:
Last Month’s Rent Deposit: This is a standard practice where landlords can charge a deposit equal to one month’s rent to cover the last month you occupy the unit. This deposit earns interest each year, which should be added to the deposit or provided as a small payment annually.
Key Deposit: A landlord may also ask for a key deposit, which covers the cost of any keys provided for the unit. If you lose your keys, the landlord can charge for replacement keys or fobs, but only for the actual cost of replacement. For instance, a landlord cannot charge a $100 deposit for a key that only costs a few dollars to replace. These rules also apply to any entry cards, fobs, or other devices that provide access to the building or unit.
How Much Is a Key Deposit, and Do You Get It Back?
A key deposit should only cover the exact cost of replacing the keys. If you return your keys when moving out, the landlord must refund the deposit. Since this applies to all access devices—keys, fobs, and cards—landlords cannot keep the deposit unless a key is actually lost or damaged.
Avoiding the Issue Altogether: Consider a Backup Key Copy
Losing keys can cause stress, especially if you’re worried about replacement charges or security concerns. For peace of mind, consider having a backup key made in advance. It’s an affordable, easy solution that saves you from potential fees or urgent calls to your landlord. At MiniFob and FobToronto, we offer fast, high-quality key and key fob copying services to ensure you’re prepared.
Conclusion: Can a Landlord Charge Me If I Lost My Keys?
In summary, landlords in Ontario do have the right to charge tenants for lost keys, but only the actual cost of replacement. By keeping a spare key on hand, you can avoid these charges and any inconvenience. For quick and reliable key or fob copies, visit MiniFob and FobToronto to keep your rental experience worry-free!
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