Landlord Ordered to Pay Tenant $151 for Rent Deposit Interest: Muldoon v Q Residential 2020
Landlord ordered to pay tenant $151 for failing to pay interest on last month's rent deposit
Summarized by RentZenLast updated: July 26, 2024
Case Summary
Unit ****, 280 Morningside Ave, Scarborough, ON M1E3E8
Decision in favor of
landlord
Balance Owed to Tenant
$151
Dispute Categories
Agree with the ruling?
Timeline
Application Date
Jan 2019
Hearing Date
Jul 2020
Order Date
Oct 6, 2020
Dispute Summary
Tenant applied for an order determining that the Landlord has collected or retained money illegally. The issue to be determined is whether the Landlord failed to pay interest on the last month's rent deposit.
Determinations
- Tenant moved in November 2002
- Tenant gave former Landlord $1,024 rent deposit
- Landlord purchased property in 2015
- Landlord received $1 for last month's rent deposit and $0.02 interest
- Landlord agreed to credit Tenant $1,024 deposit and pay interest from 2015
- Landlord never received any interest on deposit except $0.02
- Insufficient evidence Landlord failed to pay interest since 2002
- Reasonable to have Landlord pay interest from 2015
Case Study
The Landlord purchased the property in 2015 and agreed to credit the Tenant with a last month's rent deposit of $1,024 and pay interest on the deposit from 2015. The Landlord never received any interest on the deposit except for $0.02. The Tenant's interest calculation was incorrect as she did not use the correct interest amounts. The Board found it reasonable to have the Landlord pay the interest from 2015.
Decision Summary
The Landlord is ordered to pay the Tenant $100.70 for interest on the last month's rent deposit from September 1, 2015 to 2020, and $50.00 for the cost of filing the application, for a total of $150.70. If the Landlord does not pay the full amount by October 17, 2020, the Landlord will owe simple interest at 2.00% annually on the outstanding balance.
Adjudicator Details
LTB Member
Total Orders
390
Landlord Favorable
85.6%
Tenant Favorable
7.2%
Mutual Agreement
7.2%
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Financial Details
Application Fee
$50
Rent Deposit
$1,024
Deposit Interest
$101
Total Owing
$151 (Owed to Tenant)
Source
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