![]() ![]() The biggest factor behind this rise in danger is the transition to digital renting. Rental scams are a particularly dangerous type of fraud due to the sensitive nature of the personal information exchanged throughout the rental process, the large sums of money that can potentially be lost, and the increased prevalence of these scams in recent years.Īccording to the Better Business Bureau‘s 2022 Scam Tracker Risk Report, Rental Scams have become the #7 riskiest type of scam in Canada due to their high susceptibility rate and a median dollar loss of $1,600. As a result, victims not only lose their hard-earned money, but end up without a place to live as well. Once a payment is made, the scammer will generally disappear or in some cases, will actually provide a fake pair of keys. In most cases, the property being rented either doesn’t exist or isn’t owned by the supposed landlord, so it’s either difficult or impossible to arrange an in-person viewing or clarify key details about the unit. ![]() Since the scammer’s goal is ultimately to get the tenant to send over money, or details that make it possible for the scammer to take their cash, most rental scams will at some point involve a request for a deposit or payment in some form. These scams typically centre around a fake listing, or a real listing reposted and claimed by a fake landlord, with the method of defrauding tenants varying from case to case. Rental scams are a type of fraud that targets those renting property, typically with the aim of obtaining money from prospective tenants. One-Click Applications: Fill out your Renter Resume once and apply to multiple listings in just a few clicks.Verified by official documents or by mail. Quality Rentals: Browse listings that have been checked by our team. ![]() Look for the “ ID Verified” tag to identify which landlords have been pre-screened.
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