Toronto Police are warning the public of downtown condo rental scam.
Police issued a press release on Friday detailing an alleged scam involving units at 12 and 14 York St.
The statement said rental ads are being placed on Kijiji for units in buildings, and the suspect and victim are discussing the property via text and phone.
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The suspect then meets the victim at the rental location and shows them the property while acting as the owner’s agent.
However, police say the unit is in fact rented out by the suspect as a short-term rental, giving him access to the property.
The victim then signs what she believes to be a real rental agreement and sends the suspect a deposit via an electronic money transfer.
The suspect then stops communicating with the victim.
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Police said the suspect used a “variety of names” when advertising as a property owner or rental agent.
Agents said individuals should be mindful of sending deposits and signing rental contracts, and should hire through agents who can be “thoroughly vetted.” Police also recommended that individuals confirm with the building owner that the unit is available for long-term rent.
Anyone with information about the scam is urged to contact the police at 416-808-5200 or Crime Stoppers anonymously at 416-222-8477.
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