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10 Tips to Avoid Rental Scams

March 18, 2021 by Leona

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It’s important to protect yourself from potential scams when you are looking for a new place to rent.  Here are 10 tips to help you identify and avoid rental scams.

Significantly Low Rent

Have you found a deal that is too good to be true? The rent should not be substantially lower than the current market value, if it is it may be a scam. Check other listings in the general area and see what the going rates for similar units are.

Pressure From the Agent or Landlord

The landlord is too eager or pushy when trying to get you to lease the suite.

No Credit and Background Check Required

Be suspicious if the landlord does not request any tenant screening processes such as credit checks, employment verification or references.

Have a Reason For Not Showing You the Property

The landlord has an excuse for not showing you the property or meeting with you. If possible, dealing local in person is best. Always see the apartment in person before sending money or filling out an application.

Large Upfront Fee or Security Deposit

A request for payment of high upfront fees or security deposits is also a sign of a scam.

Don’t Wire Funds

Is someone asking you to send money via Western Union or MoneyGram? These methods of money transfer are not traceable. When you do provide payment use an e-transfer, cheque or credit card to leave a definite paper trail.

Review the Expectations and Agreement

Signing a proper tenancy agreement protects both you and the landlord. It should include names and addresses for the landlord and be signed by both parties. Be sure to review the agreement and see if anything seems out of place.

Use Broken English and a Sob Story in Their Posting

Emails from scammers are often full of grammatical mistakes, typos and have a long or sad story to them.

Don’t Give Out Financial Information

There is no reason for a landlord to ask for your bank account number or credit card number.

Confirm Landlords Identity

Make sure that the landlord has a legal right to rent the property. To do this, ask to see recent utility bills or picture I.D. as proof they are the person named in the document.

Who to Notify About Fraud or Scam Attempts:

  • Contact your local RCMP Detachment or police service of jurisdiction in your area
  • Canadian Anti-Fraud Centre: www.antifraudcentre-centreantifraude.ca
  • Internet Fraud Complaint Center: www.ic3.gov

Filed Under: Rental Scams Tagged With: Apartment, Fraud, House, Landlord, Property, Rental, Rental Scams, Tenant, Tips

About 2N Properties

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2N Properties is a locally owned and operated real estate company managed by Sean and Leona Nicoll. We buy homes in Edmonton and the surrounding areas and have been successfully investing in Edmonton real estate since 2003. ... Read More

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2N Properties is a locally owned and operated real estate company managed by Sean and Leona Nicoll. We buy homes in Edmonton and the surrounding areas and have been successfully investing in Edmonton real estate since 2003. ... Read More

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