Property Management Licensing Practice Exam · Question
What is the typical timeframe within which a landlord in Ontario must return a security deposit after a tenant moves out, provided no deductions are claimed?
In Ontario, landlords cannot collect a security deposit (damage deposit) for residential tenancies. They can only collect a last month's rent deposit.
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Question: What is the typical timeframe within which a landlord in Ontario must return a security deposit after a tenant moves out, provided no deductions are claimed?
Answer options:
- Within 10 business days
- Within 30 days
- Within 60 days ✅ Security deposits are prohibited in Ontario residential tenancies.
Correct answer: Security deposits are prohibited in Ontario residential tenancies.
Explanation: In Ontario, landlords cannot collect a security deposit (damage deposit) for residential tenancies. They can only collect a last month's rent deposit.
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