What is a security deposit?

A security deposit cannot be more than half of one

months rent.
Must a landlord provide a receipt for a security deposit? Yes.
Does a landlord have to pay interest on a security deposit? Yes.
How much can be charged for a security deposit? Cannot be more than half of one
month's rent.
How much does a landlord have to return the security deposit after the tenant
moves out? 15 days.
What is a rental agreement? Contract for the both sides. (lease)
What are the types of rental agreements? Week-week ,month-month and fixed term
that is not less than 6 months and over 12 months
Must a landlord give a copy of a signed agreement to the tenant? Yes (within 10
days after signing)
Must a landlord give a tenant a copy of the Residential Tenancies Act? Yes.
What is a Rental Premises Condition Report Form? Contract that is an inspection for
damages.
Does the Residential Tenancies Act to a verbal rental agreement? No.
Can a landlord request post dated cheques for rent payments? A landlord can
request post-dated cheques from the tenant, but cannot refuse other methods of
payment.
Are there residential premises not covered by the ACT? Meals and bed linens are
provided, where the owner shares bathroom and kitchen facilities with an
occupation, as a boarding home.
Does the ACT apply to business/commercial rental agreements? No.
Is a tenant responsible to have insurance on his/her personal belongings? Yes.
When a rent premises is sold to a new owner, does the rental agreement continue?
Yes.
What happens to a security deposit when there is a change in ownership? New
owner is responsible for deposit.
Can a landlord charge a fee for late payment of rent? $25 on first day and $2 for
additional fee (maximum $75 limit).
Can a landlord charge a fee for a tenant's rent cheque is returned because of a non
sufficient funds (N.S.F) in the tenant's account? Landlord may charge a fee no
greater than $25.
Can a tenant withhold rent because a landlord is not maintaining the premise? Yes.

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.
Can a landlord increase rent at anytime? No.
Is a tenant responsible for damages to the residential premises? Yes.
What can a landlord do if a tenant has not repaired damages? Landlord gives tenant
a written form to repair damages within 3 days.
Can a termination notice be verbal? No.
Where can I get a copy of Residential Tenancies Act? Purchased for $5.25 at the
Government Services Centre.
If a landlord gives a tenant a Termination Notice in writing, is the tenant required to
give a written notice of his departure? Yes.