Property Management Licensing Practice Exam · Question
According to the Residential Tenancy Act in British Columbia, what is the maximum amount a landlord can charge as a security deposit for a residential tenancy?
Section 19 of the BC Residential Tenancy Act stipulates that a landlord must not require a security deposit that is more than one-half of the monthly rent payab
Start free practice for Property Management Licensing Practice Exam
259 questions · no signup required · 40 free questions per day
Question: According to the Residential Tenancy Act in British Columbia, what is the maximum amount a landlord can charge as a security deposit for a residential tenancy?
Answer options:
- One full month's rent ✅ One-half of one month's rent
- Two full months' rent
- A landlord can charge any amount agreed upon by both parties.
Correct answer: One-half of one month's rent
Explanation: Section 19 of the BC Residential Tenancy Act stipulates that a landlord must not require a security deposit that is more than one-half of the monthly rent payable under the tenancy agreement.
Start free practice for Property Management Licensing Practice Exam
259 questions · no signup required · 40 free questions per day
More about Property Management Licensing Practice Exam
Related Questions
More for Property Management Licensing Practice Exam candidates
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Property Management Licensing Practice Exam Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.