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Gabe Landen

What is a Security Deposit?


A security deposit is a sum of money held in trust either as an initial part-payment in a purchasing
process
Must a landlord provide a receipt for a security deposit?
Yes, the must provide a dated recipt
Does a landlord have to pay interest on a security deposit?
Yes, landlord must pay interest.
How much can be charged for a security deposit?
Cannot be greater than first two weeks rent.
How much time does a landlord have to return a security deposit after the tenant moves
out?
15 days
What is a rental agreement?
A land lord and tenant relationship that can be a written or verbal contract.
What are the types of rental agreements?
Week-week, month-month, fix term ex: 6monts-12months
Must a landlord give a copy of a signed rental agreement to the tenant?
yes
Must a landlord give a tenant a copy of the residential tenancies act?
yes
What is a Rental Premises Condition Report Form?
a signed form by the tenant and landlord showing the condition of the premisis.
Does the residential tenancies act apply to a verbal rental agreement?
Yes, it can be verbal if both agreed.
Can a landlord request postdated cheques for rent payments?
Yes, a landlord can request a postdated cheque.
Are there residential premises not covered by the act?
Yes, like for ex. Provided furniture.
Does the Act apply to business/commercial rental agreement?
no
is a tenant responsible to have insurance on his/her personal belongings?
Yes, tenant is responsible for all personal belongings.

Gabe Landen
when a rented premises is sold to a new owner does the rental agreement continue?
Yes, but changes can be added.
what happens to a security deposit when there is a change in ownership?
The new owner becomes responsible for the security deposit.
Can a landlord charge a fee for late payment of rent?
Yes, 5 days for the first day and an initial 2 every other day until the $75.00
Can a landlord charge a fee if a tenants rent cheque is returned because of non-sufficient Funds N.
S.F. in the tenants account?
Yes, they can charge a fee under $25
Can a tenant withhold rent because a landlord is not maintaining the premises?
No, it could result in a short termination notice
Can a landlord terminate a rental agreement when the tenant does not pay rent?
Yes
can a landlord increase rent by giving a verbal notice to the tenant?
No, the notice must be written
Can a landlord increase rent anytime?
No, not during the first 12 months of an agreement.
is a tenant responsible for damages to the residential premises?
Yes, tenant is responsible for all damages by him/her or there guest
What can a landlord do if a tenant has not repaired damages?
After 5 days write a termination notice to the tenant.
Can a termination notice be verbal?
No, it must be in writing.
Where can I get a copy of the residential Tenancies Act?
They can be purchased at government service centres.
If a landlord gives a tenant a Termination notice in writing is the tenant required to give a written notice of his departure?
Yes, he must give a written notice of departure.

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