Security Deposit Insecurity

Landlords often require that tenants provide a deposit when entering into a lease. Sometimes it's a security deposit, sometimes it's prepaid rent, and sometimes it's a combination of both.  In the landlord's mind, the deposit is a pool of money it may draw on if the tenant fails to fulfill its obligations under the lease. However, an Alberta Court of Appeal decision demonstrates that this is not true in all circumstances, leaving landlords with security deposit insecurity.

Read the full article here: Security Deposit Insecurity - March 2016