Last Month's Rent

Last Month's Rent

If you paid the last month's rent at the beginning of your tenancy, foreclosure should not prevent you from getting credit for that payment at the end of your tenancy. Like a security deposit, a last month's rent deposit must be passed from owner to owner in most cases.¹⁸ Under some circumstances described in the previous section, a chartered bank may not be covered by this requirement, but in many cases it is. If your landlord or former landlord did not pay you the required yearly interest on your last month's rent or give you a rent credit for this interest, this can also be a valuable legal defense in an eviction case brought by the bank. For more information about enforcing your right to get rent credit and interest on your last month's rent deposit, see Chapter 3: Security Deposits and Last Month's Rent.