Any time a landlord rents out an apartment, he is taking a risk. If he gets the wrong type of tenant, his asset could be virtually destroyed. When you are asked to provide a security deposit it will cover any damages that you may make to the apartment when you are living there.
The Protections For Your Security Deposit in Albertan Rental Properties
Just as a landlord has recourse against tenants who damage rental property, tenants enjoy reasonable expectation that their security deposits will be held in trust and returned promptly. By law, a landlord may require no more than one month's rent as a security deposit, and it must be retained in a designated trust account. The deposit cannot be retained without justifiable cause, and final
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