Alberta Real Estate Licensing Exam Practice · Question
A landlord receives a security deposit of $1,200 from a tenant on January 1, 2023. The tenancy ends on December 31, 2023. What is the latest date the landlord must return the security deposit or provide a statement of deductions to the tenant under the Residential Tenancies Act?
Under the Residential Tenancies Act, a landlord must return the security deposit or provide a statement of account, with any deductions, within 10 days after th
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Question: A landlord receives a security deposit of $1,200 from a tenant on January 1, 2023. The tenancy ends on December 31, 2023. What is the latest date the landlord must return the security deposit or provide a statement of deductions to the tenant under the Residential Tenancies Act?
Answer options: ✅ January 10, 2024
- January 20, 2024
- February 1, 2024
- December 31, 2023
Correct answer: January 10, 2024
Explanation: Under the Residential Tenancies Act, a landlord must return the security deposit or provide a statement of account, with any deductions, within 10 days after the tenancy ends and the tenant has vacated the premises. This ensures prompt resolution of financial obligations.
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