RTA Part 4 – Rental Security Deposits

In RTA Part 3 we talked about move-in and move-out condition inspections.  Today we’ll take a more detailed look at rental security deposits. How much can be charged? How many rental security deposits can be required? What can deposits be used for? Is a Tenant entitled to interest on their deposit? Rental security deposits A Landlord may collect a Security Deposit of up to a maximum of one half-month rent as a condition of entering into the Tenancy Agreement. If a Tenant has pets, the Landlord may also require a separate Pet Damage Deposit, which may also be to a…

Sign Up to Receive Our Monthly Newsletter

Subscribe to our Monthly Newsletter

* indicates required
Nanaimo Property Management Subscribers

Rentals By Sub-Area