Property Management Licensing Practice Exam · Question
In British Columbia, what is the maximum amount a landlord can charge for a security deposit under the Residential Tenancy Act?
The Residential Tenancy Act in British Columbia limits security deposits to no more than half of one month's rent. This is a common provincial regulation to pro
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Question: In British Columbia, what is the maximum amount a landlord can charge for a security deposit under the Residential Tenancy Act?
Answer options: ✅ Half a month's rent
- One month's rent
- Two months' rent
- An amount agreed upon in the tenancy agreement
Correct answer: Half a month's rent
Explanation: The Residential Tenancy Act in British Columbia limits security deposits to no more than half of one month's rent. This is a common provincial regulation to protect tenants.
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