Return of Security Deposit

No matter what circumstances end a tenancy, security deposit must be returned to you at the end of a tenancy, together with any interest owing. If deductions are made from the deposit for items such as damages, these must be itemized and an account sent to the tenant in the time limits and form required by the law. A security deposit must be returned within 10 days of the tenant moving out. There are exceptions to this rule under special circumstances. It may be necessary to determine exactly when a tenant has given up possession of the premises in order to work out the date by which the security deposit must be returned. The deposit or account must be returned personally, or by regular, registered or certified mail.

May 2005