The security deposit cannot be any more than one half of 1 month’s rent so don’t let your landlord fool you! Whatever your rent is, just divide it by 2. For example, if you rent is $1000/month, your would deposit $500 to the landlord. If they say anything otherwise make sure to contact the correct authorities and settle the issue. The Residential Tenancies Act (RTA) of Halifax comes to mind!
The landlord must return the security within 10 days after the end of the tenancy which is ten days from the end of the notice period given to the tenant or the landlord. The time does not necessarily start from the time you move out. For example, if you move out 4 days before the end of your lease, the landlord will send your deposit within a maximum of 14 days.
As a tenant, you should give the landlord your forwarding address, which just means where you will be living in the next couple of weeks. The money can be sent through e-transfer, mail, or given in cash. The landlord should ask for your forwarding address, but don’t let that obligation from gently reminding them! If you’re leaving Halifax, make sure to provide the landlord your forwarding address as soon as possible so they can have it on file. If you do not receive the full amount, make sure the landlord provides reasons as why they chose to take a cut. Sometimes the damage found upon your exit from the apartment may be larger than expected.
If you have any questions regarding any specific rules, please contact us and we would love to help!