Security Deposits
Security Deposits
When tenants move into a place, they usually must pay the landlord some extra money that they may get back when they move out. This is called a security deposit. It is to pay for any damage the tenant might do. It can’t be more than one-half of one month’s rent money. It is very important for the tenant to keep the receipt for the security deposit.
When the tenant moves out, the landlord must return the security deposit with interest within 15 days or ask the Residential Tenancy Branch for permission to keep some or all of it. If the tenant damaged the place, the landlord can use some of the security deposit money for repairs. However, the tenant must agree to this in writing. The landlord cannot keep the security deposit or part of it unless the tenant agrees in writing to pay for damages or unpaid rent. If the tenant does not agree in writing, the landlord must contact the Residential Tenancy Branch for permission to keep some of the security deposit money. For more information, contact the Residential Tenancy Branch.
Residential Tenancy Branch
604-660-1020 (in the Lower Mainland),
250-387-1602 (in Victoria) or
1-800-665-8779 (toll free in BC).
www.rto.gov.bc.ca