Returning the security deposit

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The tenant is entitled to have the security deposit returned at the end of the tenancy. Failure to comply with the provisions of the Act relating to the return of the security deposit can jeopardise the landlord’s rights to retain any amount from the security deposit.

The landlord must return the security deposit (less any amount they are entitled to retain) to the tenant within 7 business days of the tenant vacating the premises. If there are no claims against the security deposit then the full amount is to be returned to the tenant. PENALTY OF UP TO $2 200

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