Security Deposit

 Claim by Landlord – Branch has Deposit

s. 34, The Residential Tenancies Act
s. 25 (2.3), Residential Tenancies Regulation
 

Security deposit: is money a tenant pays to a landlord before the start of a tenancy. A security deposit can’t be more than half of the first month’s rent. When a tenancy ends, a landlord may claim the security deposit for unpaid rent, damage, extraordinary cleaning costs or other obligation of the tenant. Many people refer to this money as a damage deposit.
 

A landlord may choose to have the Branch hold the security deposits for their tenants. The Branch charges an annual administration fee for each residential complex. The amount of the fee is set out in the Residential Tenancies Regulation.

When the Branch holds the deposit and the landlord has a claim against the money, they must send the claim to the tenant. The landlord has 28 days, from the end of the tenancy, to send the claim.

A landlord must also send a copy of the claim to the Branch within 28 days of the end of the tenancy. If the landlord misses this deadline, the Branch must return the security deposit and interest to the tenant. The landlord can still file a claim under Part 11 of The Residential Tenancies Act.

A landlord and tenant can agree in writing about who should get all or part of the security deposit. If this happens, the landlord should send a copy of the agreement to the Branch within 28 days of the end of the tenancy.

Overview

The officer receives a copy of an agreement or a claim, and checks to make sure that the agreement or claim was sent in time. When there is an agreement, it’s confirmed and the money is paid out. If there is a claim, the officer follows the procedures for dealing with claims against security deposits.
 

Steps

1. If there is an agreement:

For more information on how the Branch deals with claims against security deposits, see Landlord Claim for More than a Security Deposit or Landlord Claim for Less than a Security Deposit in this section.

For details on filing a claim under Part 11, see Claims in Section 9.
 

September, 1992

March, 2004
 

None

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