All County, All the Time Since 2010 MAKE THIS YOUR PRINCE EDWARD COUNTY HOME...PAGE!  Thursday, August 22nd, 2019

Protect yourself from rental fraud

With websites such as Kijiji, Craig’s List, Facebook Marketplace and Airbnb becoming more popular as the advertising norm, Ontario Provincial Police (OPP) at the Prince Edward Detachment warn residents to be aware of rental scams that target long and short-term accommodation.

Long term rental frauds usually work along the same lines as any normal rental vacancy would work, said Cst. Karen German, PEC Community Safety Officer.

“An application is requested where tenant provides usual contact, banking, job and pay details. The fraudster will then advise a potential tenant that they are out of the country and unable to show the vacancy.

“The applicant is asked to send a deposit either through a money service business, email money transfer or bank wire and keys will be sent. First and last months’ rent are then requested, sometimes even more money for various reasons. The applicant is assured of a full refund if not satisfied. The ads are then deleted after funds received and communication with fraudster ceases. Keys are not sent and the rental does not exist.”

German notes short-term rental frauds are usually advertised as vacation rentals in popular tourist destinations and are posted on trusted vacation websites or the fraudster will mimic vacation websites.

“Interested consumers will receive prompts from the fraudster and the desired travel dates are always available. The fraudster will advise the traveller that the booking has to be secured quickly, creating a sense of urgency so that the consumer doesn’t lose out on the deal.

“Again, they will use the same money transfer tactics, but will also recommend a secure payment processor. The payment processor is only available through the “trusted” website. The fraudster may also offer a discount if the reservation is paid in full. The consumer will lose out because there is no new reservation linked to the consumer’s account and they will lose ability to contact the website. In the worse cases, consumers will not realize they are victims until they arrive and there is no rental.

How to protect yourself:
Complete an online search for the property’s address to make sure it is not a duplicate post. Fraudsters often create their ads by copying the ad of a property that is listed for sale or recently sold.
Research market value for the area and be wary of the prices that are lower than average.
If possible, physically visit the property. Schedule a showing and confirm it is available.
Request a lease agreement and review it thoroughly.
Do not send money to strangers.
Use a trusted travel agency to secure your vacation reservations.
When entering into a rental agreement through a trusted service provider, you must use their payment provider to be eligible for their refund/cancellation policies.
Contact Equifax / TransUnion if you have provided sensitive information on applications (to protect from identity theft and credit fraud).
Trust your instincts. If it seems too good to be true, it probably is.

If you think you or you someone you know has been a victim of fraud, please contact the Canadian Anti-Fraud Centre at 1 – 888 – 495 – 8501 or report online at www.antifraudcentre.ca

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