Property Management Licensing Practice Exam · Question
Under a standard residential tenancy agreement in British Columbia, what is the maximum amount a landlord can charge for a security deposit?
In British Columbia, the Residential Tenancy Act limits a security deposit (or damage deposit) to no more than half of one month's rent. This limit is set to pr
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Question: Under a standard residential tenancy agreement in British Columbia, what is the maximum amount a landlord can charge for a security deposit?
Answer options:
- One full month's rent. ✅ Half of one month's rent.
- Two full months' rent.
- There is no legal maximum, it's negotiable.
Correct answer: Half of one month's rent.
Explanation: In British Columbia, the Residential Tenancy Act limits a security deposit (or damage deposit) to no more than half of one month's rent. This limit is set to protect tenants.
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