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I'd give the RTA a call. They're the best bet for letting you know what your rights are as a landlord.. I'm not sure if they receive a copy of the lease when the bond is lodged? If not, they may be able to request a copy..

Get the pm to send you a copy of the signed lease. It will state what the rent is.. Similar thing happened to me.. PM let my apartment out with a servicing/cleaning fee on top of the rent I was receiving. It wasn't till got a copy of the lease did I see how much he was charging the tenant...