I’ve purchased two properties, one is a full residence the other seasonal. I’ve asked for and received a damage deposit. Is it illegal to ask for a damage deposit?

Under the Residential Tenancies Act it is illegal to collect a damage deposit, you can only ask for the last month’s rent deposit. In the case of a seasonal rental, those properties are exempt from the Residential Tenancies Act therefore we cannot provide advice on rules regarding deposits for those type of rentals.

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