Renting Guide

• Photo ID (driver’s license or passport)
• Contact information of all past landlords and employers within the last 2 years:
  • Name(s)
  • Phone number(s)
  • Address(es)
  • Email(s)

• Letter of Guarantee
• Letter of Employment (on letterhead) stating:
  • Job title
  • Length of employment
  • Salary and expected bonus
  • Start date (if you haven’t started the job)
• If you’re self-employed, you’ll need a document from a Certified Public Accountant (CPA) stating your income from last year
• Copies of pay stubs
• Copies of bank statements
• Copies of tax return
• Copies of last T5

Whenever a business or individual pulls your credit report, an inquiry appears on your credit history. This inquiry shows who pulled the report and when it was pulled. Most property managers and landlords who perform credit screenings conduct a “soft” inquiry. A soft inquiry has no impact on your credit rating. Thus, you can incur as many soft inquiries as necessary without hurting your credit score.

A Letter of Guarantee is a financial and legal agreement obligating a third party to pay any outstanding rent arrears and/or damages to a suite if the resident is unable to pay the amount due. A Letter of Guarantee is often used if a prospective resident does not meet Devon’s resident screening requirements and, therefore, a guarantor may be required. For example, if you have bad credit or if you have no rental history, a guarantor might help you qualify.

Devon’s residents enter into a one-year tenancy agreement, which automatically reverts to a month-to-month tenancy.

As a Devon Properties tenant, it is mandatory to maintain a tenant insurance policy. This policy requirement secures and protects what’s most important to you and your family. You can rest assured knowing you will be protected. Devon has partnered with Western Coast Insurance Services to provide preferential pricing for tenant insurance. For more information, please contact Western Coast Insurance Services:

Toll Free: +1.888.517.7171

Website: www.westerncoastinsurance.ca/Insurance-Renters

Learn more here.

No, Devon does not provide furnished rental units. However, select apartment buildings have furnished guest suites available for short-term rental by residents of these buildings.

No, parking is not included in the monthly rent payment. Each Devon apartment building has different monthly parking fees.

Each rental unit is typically assigned one parking spot. If a resident has the need for additional parking spots, the building manager can work with the resident to satisfy their parking needs.

Each Devon apartment building is unique and the pet policy varies from building to building. That said, only a select number of Devon buildings allow pets and an associated pet deposit is required at the time of application or at the time of acquiring a pet.

Devon requires the following up-front payments when signing a new lease:

• Security deposit (equal to one half month’s rent)
• Pet deposit (if applicable)