How do you rent out your house?
Last updated: October 12, 2026
Short answer
To rent out your house, set a realistic rent, check your mortgage, insurance and any condo rules, screen applicants, sign a written lease, take a deposit no larger than your province allows, and inspect the home with the tenant at move-in. From that point your province's tenancy law governs the rental, including how much notice you need to enter, raise the rent or end the tenancy. Deposit limits run from half a month's rent in British Columbia, Manitoba and Nova Scotia to one month's rent in Alberta, Saskatchewan, New Brunswick and PEI. Ontario allows only a last month's rent deposit and a refundable key deposit.
How to rent out your house, step by step
- Price it. Get a figure for your address from the SQRFT rent estimator and compare it with similar homes listed nearby. The starting rent matters: after that, rent can only go up on your province's notice schedule, and in six of the provinces covered here most units also have a yearly limit (see how much a landlord can increase rent).
- Prepare the home. Fix what needs fixing before anyone moves in. In every province covered here, a landlord must keep a rental in good repair and up to health, safety and housing standards. If you are renting a basement or other secondary suite, check with your city that it is allowed and meets the building and fire rules.
- Check your mortgage, insurance and condo rules. Tell your lender and your insurer that the home will be rented, because a mortgage or a homeowner policy may assume you live there. In a condo, read the declaration and rules on rentals, pets and short stays, since your tenant will have to follow them too.
- Screen tenants. Take written applications, check identity, income and references, and run a credit check only with the applicant's consent. Human rights laws bar refusing someone for protected reasons. Application fees are banned in British Columbia, Manitoba, Saskatchewan, Ontario, Nova Scotia and PEI. See our tenant screening guide.
- Sign a written lease. Ontario, New Brunswick and Nova Scotia each have a standard lease form, and PEI has a Form 1 but we found no rule making it mandatory, and in Alberta and Newfoundland and Labrador a tenant who never gets a copy of the signed agreement can hold back rent until they do.
- Collect the deposit within the limit and handle it the way your province requires (some require a trust or interest-bearing account, and New Brunswick has the province hold it).
- Inspect together at move-in. It is mandatory in Alberta, British Columbia and PEI, and the report is your best evidence everywhere else.
- Learn the rules you will live with. Most entries need at least 24 hours' written notice in every province covered here, and 7 days for ordinary repairs in New Brunswick (see when a landlord can enter). A rent increase needs from 90 days' notice in Ontario to 12 months in Saskatchewan, and ending a tenancy takes a reason the law allows and the right notice (see landlord notice periods).
Deposit, inspection and lease rules at a glance
The table shows the three rules that apply before the tenant even moves in.
| Province | Maximum deposit | Move-in inspection | Lease |
|---|---|---|---|
| Alberta | One month's rent (pet and key deposits count toward it) | Required, within one week before or after move-in | Give the tenant a copy of the signed lease within 21 days |
| British Columbia | Half a month's rent, plus a pet damage deposit of up to half a month | Required, on the day the tenant takes possession (form RTB-27) | Check the Residential Tenancy Branch's requirements |
| Manitoba | Half of the first month's rent, plus a pet damage deposit of up to one month if you allow a pet | Required if you or the tenant asks; recommended always | Check the Residential Tenancies Branch's requirements |
| Saskatchewan | One month's rent, half at signing and the rest within 2 months | Not required; a voluntary checklist is available | Standard conditions apply to every agreement; fixed-term form 04 available |
| Ontario | Last month's rent deposit (up to one month) and a refundable key deposit only | Not required | Standard lease (form 2229E) |
| New Brunswick | One month's rent, held by the province | Recommended | Standard Form of Lease (required) |
| Nova Scotia | Half a month's rent | Recommended within 7 days of the start | Standard Form of Lease (Form P) |
| Prince Edward Island | One month's rent, and only one deposit | Required (Form 5) | Form 1 is available, but we found no rule making it mandatory |
| Newfoundland and Labrador | Three quarters of a month's rent | Recommended | Give the tenant a copy of the written agreement |
Being a landlord is more than these first steps. For the money, insurance and legal duties that come with it, read how to become a landlord.
Renting out your house in each province
Alberta
You can take a security deposit of up to one month's rent at the start of the tenancy, and you cannot raise it later. Refundable pet or key deposits count toward that limit, while a non-refundable pet fee is allowed and is treated as rent. Put the deposit in an interest-bearing trust account in Alberta within 2 banking days. Application fees are not against the law in Alberta.
Inspect the home with the tenant within one week before or after move-in and give them a written report right away. Without proper inspection reports you cannot deduct damage from the deposit. Give the tenant a copy of the signed lease within 21 days: until you do, the tenant can hold back rent.
British Columbia
You can ask for a security deposit of up to half a month's rent and, if you allow a pet, one pet damage deposit of up to another half month, both based on the starting rent and only when the tenancy agreement is made. Application fees and monthly pet fees are not allowed. A key or fob deposit must be refundable and no more than the replacement cost.
The move-in inspection is mandatory. Offer the tenant at least 2 times, inspect together on the day they take possession, record it on form RTB-27 and give them a copy within 7 days. If you skip it, you lose the right to claim against the deposit for damage.
Manitoba
The security deposit can be up to half of the first month's rent, and you cannot require it until the tenancy agreement is made. Give the tenant a written receipt. If you allow a pet, you can also take a pet damage deposit of up to one month's rent, but none for a service animal. Application fees are banned.
A condition report is required if either you or the tenant asks for one, and the Residential Tenancies Branch recommends doing one every time, on the prescribed form signed by both of you.
Manitoba security deposit guide | Manitoba condition reports
Saskatchewan
You can take one security deposit of up to one month's rent, and only when the tenancy agreement is made. The tenant pays no more than half of it at signing and the rest within 2 months after moving in. Application fees are banned, and so is collecting money now for rent that falls due in the future.
The standard conditions in the regulations are part of every tenancy agreement, and the Office of Residential Tenancies publishes a fixed-term agreement (Form 04). A move-in inspection is not required by law, but the Office has a voluntary checklist you can use.
Saskatchewan lease guide | Saskatchewan security deposit guide
Ontario
Use Ontario's standard lease (form 2229E). If you do not, the tenant can demand it in writing, and if you have not provided it within 21 days they can hold back up to one month's rent or give 60 days' notice to end the tenancy. If you rent out a condo unit, the condo's declaration, by-laws and rules bind your tenant too.
The only deposits allowed are a rent deposit of up to one month's rent, which goes toward the last month, and a refundable key deposit of no more than the replacement cost. Pay the tenant interest on the rent deposit each year at the rent increase guideline. No inspection is required by law, but a signed move-in report is good evidence if you later claim for damage.
New Brunswick
Landlords must use New Brunswick's Standard Form of Lease. The security deposit is capped at one month's rent (one week's rent for a weekly tenancy), and you cannot take a prepayment of the last month's rent. The deposit does not stay with you: send it to the Tenant and Landlord Relations Office within 15 days, or the tenant can pay it at a Service New Brunswick centre.
An inspection is not required, but the province says landlord and tenant should inspect together and recommends its Accommodation Inspection Report. If you rent a room in your own home and share a kitchen or bathroom with the tenant, the Residential Tenancies Act may not apply at all, so check with the Office first.
New Brunswick lease guide | New Brunswick security deposit guide
Nova Scotia
Use the Standard Form of Lease (Form P) and give the tenant a signed copy along with a copy of the Residential Tenancies Act. If you do not, the tenant can apply to pay the rent in trust to the Director until you do. The deposit is capped at half a month's rent, any money taken before the lease is signed counts toward it, and there is no separate pet deposit. Application fees are banned, and the deposit must go into a trust account.
An inspection is not required by law, but the standard lease recommends a signed condition report within 7 days of the start of the tenancy, and once you prepare one it becomes part of the lease.
Prince Edward Island
Use Form 1, the Rental Office's Standard Form of Tenancy Agreement (we found no rule making it mandatory). A written agreement must state the day rent is due and how often it is paid. Only one security deposit is allowed, of up to one month's rent (one week's rent if rent is paid weekly): no pet, key or holding deposits, and no application, processing or screening fees. Give a written receipt and put the deposit in an interest-bearing account in PEI within 2 banking days.
For tenancies that started on or after April 8, 2023, the move-in and move-out inspections are mandatory on Form 5, and you must offer the tenant at least two reasonable times.
Newfoundland and Labrador
The security deposit is capped at three quarters of a month's rent (two weeks' rent for a weekly tenancy), with no separate pet deposit. Give a written receipt and put the deposit in an interest-bearing account in the province within 2 banking days. Give the tenant a copy of the written rental agreement: until you do, the tenant can hold back rent.
Condition reports are optional, but the Residential Tenancies Office says they should be used at the start and end of every tenancy, and they are key evidence if you later claim for damage.
Newfoundland and Labrador deposit guide | Newfoundland and Labrador condition reports
Related questions
Can I rent out my house?
Yes. You can rent out a house you own, as long as your mortgage, insurance and any condo rules allow it and the home meets local safety standards. Once a tenant moves in, your province's tenancy law sets the deposit limit, the notice you need to enter or raise the rent, and how the tenancy can end. Check those rules before you advertise, because some of them, such as the deposit limit and the lease form, apply from day one.
How to rent out a room in your home?
Decide which parts of the home the tenant can use, set house rules, and put the arrangement in writing: the rent, what it covers and how either of you can end it. Screen the person as you would any tenant. Whether the tenancy law covers the room can depend on whether you share a kitchen or bathroom. In New Brunswick, for example, the Act does not apply when the tenant shares a bathroom or kitchen with a landlord who lives there. Elsewhere, ask your province's tenancy office how the rules apply to a shared home.
Should I rent out my house or sell it?
Compare what the home would rent for with the full cost of keeping it: mortgage, property tax, insurance, repairs, empty months and your own time. Get a figure for the address from the rent estimator before you decide. A rental is hard to undo quickly: if you later want to sell the home empty, you must end the tenancy under your province's rules, which can take months (see landlord notice periods). Renting and selling can both have tax effects, so talk to an accountant.
Is it legal to rent out my basement?
Often yes, but whether a basement suite is legal is mainly a city question. Municipal zoning, building and fire rules decide whether a secondary suite is allowed and what it needs, such as safe exits and smoke alarms, and many cities require a permit. Check with your city before you list it. Once it is rented, the provincial tenancy law applies to it like any other home. In Alberta, read our basement suite guide.
Can I rent out my house if I have a mortgage?
Usually, but check your mortgage terms first. Some mortgages are approved on the basis that you live in the home, so your lender may need to know or approve the change. Tell your home insurer as well, because a policy for an owner-occupied home may not cover a rental. These are questions for your lender and insurer, not the tenancy office.
How to rent out property on Airbnb?
Short stays for travellers are a different business from a regular tenancy. Many cities require a licence or registration for short-term rentals, or limit them, and your mortgage, insurance and condo rules may treat them differently from a long-term rental. Check all of these before you list. If you want a tenant who stays month to month or on a lease, the steps on this page apply instead.
Is renting out a house worth it?
It can be, if the rent covers your costs and you are ready for the work. Rental income is taxable, but you can usually deduct the costs of earning it, so keep every receipt (see our landlord tax guide). Count on some empty months, repairs and the time it takes to find tenants and handle problems. Start with a realistic rent figure from the rent estimator.
How to rent out property without agent?
Set the rent, take clear photos, list the home yourself, show it, screen applicants and sign the lease. The legal steps are the same with or without an agent: the deposit limit, the lease form, the move-in inspection and the notice rules all apply to you directly. You can list your home on SQRFT for landlords.
Do I need a licence to rent out my property?
Licensing is mostly a city matter. Some municipalities require a business licence, a rental registration or a permit, especially for secondary suites and short-term rentals. Ask your city hall before you advertise. Your province's tenancy law applies either way.
Can I rent out an apartment I'm renting?
Only with your landlord's consent, because renting out your own rental is subletting or assigning. Ask in writing before anyone moves in. In most provinces covered here the landlord cannot refuse without a good reason, and while a sublet runs you usually stay responsible for the rent. See how to sublet an apartment.
How to rent out a basement?
A basement suite is a self-contained rental unit in the lower level of a house, usually with its own kitchen and bathroom. Start with your city: zoning, building and fire rules decide whether a suite is allowed and what it needs, and some cities require a permit. SQRFT advice, not law: then tell your lender and insurer, set the rent with the rent estimator, screen applicants and sign a written lease.
Once a tenant moves in, your province's tenancy law applies to the suite like any other home, including the deposit rules, the move-in inspection rules and the notice rules, unless the Act excludes your arrangement. If you live in the house, ask your tenancy office whether the Act covers it.
Can I rent out part of my house?
Yes, you can rent a room or a suite, but whether the tenancy Act covers it depends on the province. Alberta excludes rooms in the landlord's own living quarters where the landlord lives. British Columbia excludes housing where the tenant shares a bathroom or kitchen with the owner, New Brunswick excludes it where the tenant shares with a landlord who lives in the building, and Ontario does the same where the owner or the owner's spouse, child or parent lives in the building and the occupant shares a bathroom or kitchen with them.
In the Acts we reviewed we found no such exclusion for Saskatchewan, Nova Scotia, Prince Edward Island or Newfoundland and Labrador. For Manitoba, ask the Residential Tenancies Branch about your set-up. If the Act does not cover the arrangement, a written agreement matters even more.
Government sources
- Government of Alberta: Starting a tenancy
- Government of BC: Deposits and fees
- Manitoba Residential Tenancies Branch: Deposits
- Government of Saskatchewan: Security deposits
- Government of Saskatchewan: Tenancy agreements
- Government of Ontario: Guide to Ontario's standard lease
- Government of New Brunswick: Deposits
- Government of New Brunswick: Inspections
- Government of Nova Scotia: Standard Form of Lease
- PEI Rental Office: Security deposits FAQs
- Government of Newfoundland and Labrador: Landlord and tenant guide
General information, not legal advice. Rules change; check your province's tenancy office before acting.
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