Ben  Sage

Ben Sage



(519) 536-7535 ext. 487
Email Me
Ben  Sage

Ben Sage



(519) 536-7535 ext. 487
Email Me

Landlord's Legal Corner - Rental Deposit


A Landlord can retain a maximum deposit of one month’s normal rent.

A Landlord is obligated to pay the tenant interest on the rent deposit every year.  The applicable interest rate is always the same as the Rent Increase Guideline as discussed above.

If the rent increases after the tenant has paid a rent deposit, the Landlord can require the tenant to top-up the rent deposit so that it is the same as the new rent. Rather then actually giving the tenant a cheque, a Landlord is permitted to use the interest on the rent deposit to top-up the rent deposit.  The Landlord should properly document this allocation of interest to the Deposit each year and provide the tenant with a copy of the documentation.

Although the amount of interest that accumulates each year is nominal, it is good advice for a landlord to actually document and deal with the interest each year.  If no records are kept then typically the interest issue is dealt with as an adjustment upon the sale of the rental property as a potential Buyer will not assume this debt if they are retaining the tenant.

Information Provided by:

Derek Truelove

Lawyer, Nesbitt Coulter

35 Perry Street                                                  183 Thames Street South

Woodstock Ontario                                            Ingersoll Ontario

N4S 3C4                                                           N5C 2T6

Tel 519-539-1234 ext 243                                    519-485-5651

Fax 519-539-6832                                              519-485-6582


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(519) 536-7535


About Me


I am a Real Estate Broker with RE/MAX a-b Realty Ltd., in Woodstock Ontario, focused on high quality Real Estate services. My experience selling homes is rich, and my results are unparalleled. My clients attest to my commitment to high quality service. 

In 2017, single family homes listed for sale by Ben averaged 104.1% of asking price, compared to the market average of 99.2%, and sold in an average of 12 days compared to the market average of 29. 

  • Platinum Club for Total Real Estate Commissions for 2017 & 2018
  • 100% club for total real estate commissions for 2010, 2011, 2012, 2014, 2015, and 2016. 
  • "Best Young Professional" award nominee for Woodstock District Chamber of Commerce, 2015
  • Retired Director & Committee member at the Woodstock, Ingersoll District Real Estate Board.
  • Recognized as a top donating individual for Children's Miracle Network, 2016 & 2017

The REAL Ben:

Born and Raised in Woodstock Ontario, I am intrinsically connected with the community. When I am not selling Real Estate for my clients, I can be found hanging out with my family. My wife, Amanda, my sons Nolan and Liam, and our mutt, Nori. 

My family enjoys hiking or biking the awesome trails around southwestern Ontario, including of course, Woodstock.  We enjoy dining at one of the many Oxford County establishments, playing golf at one of the many area courses, and the accessible, inexpensive nature of life in Woodstock.

My rural life keeps me busy, maintaining and upgrading our home just outside of the city. When I have spare time, I like to listen to music, play some guitar or video games, and stay up to date on the latest memes. 

My family loves to travel, and recent trips include a bucket-list-checking voyage to New Zealand and Australia in 2018, a road trip to Acadian Shores Nova Scotia the year before. and another east coast visit to PEI and New Brunswick. We sadly had to cancel our family adventure to Orlando to Universal Studios, when the pandemic hit, but we are looking forward to travelling again when it is safe to do so. 

We love visiting the family cottage in Port Loring, On, where I pretend to know how to catch pickerel and wakeboard. Really I just secretly like quiet hours floating on a lake. 

One thing I need to mention, though, since you've read this far, is that the true joy I get from my position as a Real Estate Broker, is crafting excellent strategies to capitalize on current market conditions for the benefit of my clients. Taking an idea, strategizing to minimize stress and maximize opportunites given in the market, and turning it in to a reality brings me great happiness. Let's get happy together! 

Specialty: New Residential Construction, Luxury Homes, Investment Properties

Awards: 2017, 2018, 2019 Platinum Club, Hall of Fame

Area Covered: Woodstock, Ingersoll, Norwich

Languages Spoken: English