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Winner of the 2007 Alberta Consumer Champion Award of Distinction
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Funding from the Alberta Real Estate Foundation gratefully acknowledged.
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Home > Before the Tenancy > Just the Facts > Security Deposits > Requirement
Requirement of a Security Deposit
A security deposit is not required by law, but it is legal for a landlord to request that tenants give a security deposit. You can offer the tenancy on the basis that tenants pay a security deposit. They then have the choice to take the tenancy or not.
If you collect a security deposit in the form of money, there are detailed rules relating to how the money must be invested and returned to the tenant when he leaves.
January 2006
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