PSA Rental Apartments: Protect Yourself from Rental Fraud

Attention, dear residents, and potential renters. We want to ensure your safety and protect you from fraudulent activities when it comes to residential rental apartments. It's crucial to be vigilant and take necessary precautions before making any payments or commitments. Here are some important tips to help you avoid rental scams and protect yourself from financial loss.

Tip #1: Never give a deposit without seeing the apartment and verifying the legitimacy of the owner or landlord. Scammers may try to entice you with attractive photos and false promises. Remember, if something seems too good to be true, it probably is. Always insist on visiting the apartment in person before making any financial commitments.

Tip #2: Protect yourself by verifying the identity of the person you are dealing with. Scammers often pretend to be the owners or representatives of the property. Take the time to request identification documents and verify their authenticity. You can cross-reference the information provided with public records or contact the property management company directly to confirm their identity.

Tip #3: Avoid paying in cash, especially during the initial stages of the rental process. Cash payments can be difficult to trace and recover in case of fraud. Instead, use secure payment methods such as checks or online platforms that provide buyer protection. This way, you have a record of the transaction and can dispute it if necessary.

Remember, your safety and financial well-being should always be a priority. By following these guidelines, you can reduce the risk of falling victim to rental scams and protect yourself from fraudulent activities. Stay informed, trust your instincts, and don't hesitate to report any suspicious behavior to the authorities or relevant housing agencies.

Stay informed, trust your instincts, report scams!

Denise Dilbey,
Broker
Royal LePage Meadowtowne Realty