2.3 The Cost of Renting

Aside from your regular rent payments, there could be other ongoing expenses that may or may not be included as part of your tenancy agreement. Here are some common examples:

  • utilities, such as electricity and heating;
  • TV and internet;
  • coin-operated laundry;
  • a fee for a storage unit;
  • a new or more expensive transit pass;
  • a parking fee or permit; and
  • tenant insurance.

 

In addition to those ongoing expenses, you may also have to pay some one-time expenses at the start of your tenancy. Here are some common examples:

  • a security deposit;
  • a pet damage deposit;
  • deposits to utility or telecommunication companies;
  • installation or activation fees to utility or telecommunication companies;
  • a moving truck;
  • boxes and supplies to pack your belongings; 
  • new appliances, such as a microwave, barbeque, and TV; and
  • new furniture, such as a bed, couch, and dresser.