I am confused about the last month rent deposit and interest. I have a one year lease and have collected first and last months’ rent. When do I pay the interest on the last month rent?

I am confused about the last month rent deposit and interest. I have a one year lease and have collected first and last months’ rent. When do I pay the interest on the last month rent?

The interest on the last month’s rent deposit must be paid annually to the tenant. The interest amounts payable are set by the rental increase guidelines. You can get more information on our website at: https://landlordselfhelp.com/annual-rent-increase-guideline/ or at https://www.ontario.ca/page/rent-increase-guideline