January 2024

SECURITY DEPOSIT INTEREST.

Posted on Jan 03, 2024



In a recent announcement by the Alberta government, significant changes to security deposit interest rates have taken effect as of January 1, 2024. This update, outlined under the Residential Tenancies Act and Mobile Home Sites Tenancies Act (Section 2), brings about a notable shift from the longstanding 0% interest rate on tenants' security deposi...

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