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A postdated check offers the promise of controlling the uncontrollable: As time marches forward, you may wonder what the date on a check really does.Whether you received a postdated check or you’re thinking of writing one, it’s important to know how they work — and that they often don’t work the way you might expect. People usually postdate checks when they want the recipient (the person or business receiving the payment, also known as the payee) to wait before depositing the check.Due to this, many landlords have tried to use creative ways to come up with charges to get around the rule for security deposits.However, the Ontario Residential Tenancies Act prohibits any other additional charges[2]. However, it cannot be more than half the one month’s rent. 14-107, it’s a Class 2 misdemeanor to write a check, “knowing at the time .

If the rent payments are made weekly, the deposit cannot be more than one week’s rent.

A tenant may also be able to get interest on the security deposit when the tenancy ends or is terminated.

Check with your local Landlord and Tenant Board to get up to date information on your rights.

If the rent payments are monthly, the deposit cannot be more than one month’s rent.

However, it is illegal for a landlord in Ontario to demand a security deposit, for potential damages to a rental unit[1].