Charles Street West

Making Payments

Charles Street West Resources > Rent & Insurance

Rent is due the 1st of the month

Rent is due on the 1st day of each month during your tenancy. Repeated late payment of rent after the first of the month may result in eviction and will cause anyone interested in transferring to be refused. 

First and last months’ rent must be paid by certified cheque, bank draft or money order. Once moved in, residents can pay by personal cheque, bank draft, money order, Pre-Authorized Debit and now by Point-of-Sale for Canadian debit. 

Payment Options

We are happy to offer the following options for paying rent and other expenditures: 

Cheque, Bank Drafts & Money Order

Certified cheques, money orders and bank drafts are accepted for first and last month’s rent. Personal cheques can be used for rent once moved in. 

What it can pay for 

  • First and last month’s rent
  • Monthly rent 
  • Parking 
  • Incidentals (Replacement laundry card, FOBs, etc.)

Point of Sale – Canadian Debit

In-person payment at the Residence Office. Currently, our POS machine only accepts Canadian debit cards.

What it can pay for

  • Monthly rent 
  • Parking 
  • Incidentals (Replacement laundry card, FOBs, etc.)

Pre-Authorized
Debit (PAD)

An automatic deduction from your bank account monthly. This form of payment can only be used for expenses that occur on a regular basis. 

What it can pay for 

  • Monthly rent 
  • Parking 

Cheque, Bank Draft, & Money Order

Cheques can only be submitted by those who are listed on the lease. Money orders can be obtained at the Post Office or Western Union. 

Residents can pay for the following by cheque, bank draft, or money order: 

  • Monthly rent  
  • First and last month’s rent (must be a certified cheque)
  • Parking  
  • Small balances owing on account 
  • Replacement laundry cards 
  • Key replacement 
  • Lock replacement 
  • Replacement FOBs 
  • AC removal and installation fees 
  • Damages 
  • Key deposit  

Using Cheques to Pay for Rent

  • Submit rent on or before the 1st day of every month to the Residence Office in person, or by dropping your cheque in the drop-off box located outside the office, just to the left of the door. 
  • Submit post-dated cheques for the 1st day of every month for several months in advance. This will ensure your rent is paid on the 1st day of every month. 

Point of Sale – Canadian Debit

We are excited to now offer a Point-of-Sale (POS) machine for Canadian Debit cards! During office hours (9:00 am – 4:45pm, Monday – Friday).

Residents can pay for the following items in-person at the Residence Office:

  • Monthly rent  
  • Parking  
  • Small balances owing on account 
  • Replacement laundry cards 
  • Key replacement 
  • Lock replacement 
  • Replacement FOBs 
  • AC removal and installation fees 
  • Damages 
  • Key deposit 

Identification is required for payment to be processed. 

Pre-Authorized Debit (PAD)

Pre-Authorized Debit (PAD) can pay for your monthly rent and for parking.

By signing up for PAD you authorize the University of Toronto to automatically deduct your rent and parking costs from your bank account monthly. The amount withdrawn will be the rent as indicated on the lease of the Notice of Rent Increase. For Parking it will be the amount on the Parking Addendum or the Notice of Increase. 

How to sign up for PAD

  • These agreements are to be signed and submitted in person at the Residence Office, 35 Charles St. W., Suite 102. Agreements are not to be faxed, mailed, or emailed.
  • Sign-up must take place at minimum 10 business days before the rent is due/withdrawal takes place as per the schedule 
  • To initiate a PAD, the University will require your account number and the numeric codes that identify your financial institution and the specific branch where your account is held 
  • This information can be easily provided by attaching a void cheque (marked “void” and unsigned). Alternatively, you can obtain a form from your bank providing this information
  • The withdrawal will take place on the first business day of the month (providing it is not a University or bank holiday). These dates are shown on the schedule below. 
  • NSFs from Pre-Authorized Debits will have a $30 fee charged to the resident. 

Deadline for In-Person Sign up at Residence Office for PAD  

Last Date for Signup or ChangesBank Withdrawal Date
Tuesday, January 18, 2022Tuesday, February 1, 2022
Tuesday, February 15, 2022Tuesday, March 1, 2022
Tuesday, March 22, 2022Friday, April 1, 2022
Tuesday, April 19, 2022Monday, May 2, 2022
Tuesday, May 24, 2022Wednesday, June 1, 2022
Tuesday, June 21, 2022Monday, July 4, 2022
Tuesday, July 19, 2022Tuesday, August 2, 2022
Tuesday, August 23, 2022Thursday, September 1, 2022
Tuesday, September 20, 2022Monday, October 3, 2022
Tuesday, October 25, 2022Tuesday, November 1, 2022
Tuesday, November 22, 2022Thursday, December 1, 2022

International Students

Sending money from abroad?

Note that if you send foreign funds, the interest rate may fluctuate by the time that money is deposited into our Canadian account. For example, it could mean that the value of your $987 USD certified cheque may end up being worth $1,307 CAD once we receive it. Your best bet is to purchase a bank draft or money order in Canadian funds, so you know that you have paid the deposit in full. 

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