In the Northwest Territories, where a tenancy is more than week
to week, half a security deposit can be paid when a tenant moves
in and the rest within three months. Is this rule the same in Alberta?
No.
The law in Alberta only states that a landlord can ask for a security
deposit and that it can be no more than one month's rent. It is
up to a landlord and tenant to agree as to how and when the deposit
is paid.
Once
it is paid, the landlord has an obligation to invest it in accordance
with the law.
WARNING:
The contents of these FAQs are intended as general legal information
only.
If
you have a personal problem, please consult a lawyer.
January
2007
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