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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 > Ending the Tenancy > Just the Facts > Return of Security Deposit > Deductions Required
Deductions Required
If you are making deductions from the security deposit you must, within 10 days from the tenant giving up possession of the premises, either:
- return the balance of the deposit to the tenant with a statement that lists the damages, repair costs, and cleaning charges, or
- give the tenant an estimate of deductions that will be made and return money that will not be used. Within 30 days of a tenant giving up possession, you must give a final statement and the balance of any money that is owed to the tenant.
If you do not return all or part of a security deposit, the tenant can take legal action against you for the amount outstanding. A tenant can take legal action even when you have given a statement of account, if the tenant disagrees with your accounting.
January 2006
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