BC Deposit Cap Checklist

1. Use the rent in the initial tenancy agreement.The cap does not change when the rent goes up later.
2. Security deposit: up to half of the first month's rent.One per tenancy agreement, however many tenants sign.
3. Pet damage deposit: up to half of the first month's rent.One per tenancy, whatever the number or size of pets.
4. The tenant has 30 days after entering the agreement to pay the security deposit.If they do not, you may serve a One Month Notice (RTB-33).
5. A pet damage deposit can be required at the start or when a pet is approved later, with 30 days to pay from when it is required.

+7 more items in the full checklist