|
|
Winner of the 2007 Alberta Consumer Champion Award of Distinction
|
|
Funding from the Alberta Real Estate Foundation gratefully acknowledged.
|
|
Home > Before the Tenancy > Just the Facts > Security Deposits
Security Deposits
A security deposit is collected at the start of a tenancy on the understanding that it will be returned if the tenant keeps certain conditions. The conditions will depend upon the reason that you ask for a security deposit. Usually the reason will be to make sure that the rented property is returned in good condition.
Most often a security deposit is a sum of money, but it can also be an item of property.
May 2006
See Also:
|
|