Security deposit interest rate change, effective January 1, 2024

Description

Landlords can require a security deposit, sometimes referred to as a damage deposit, from their tenants when they move into rental premises. Since January 1, 2009, the interest rate on security deposits has been zero percent. Effective January 1, 2024 to December 31, 2024 the interest rate payable on security deposits is 1.6 percent, under the Residential Tenancies Act and Mobile Home Sites Tenancies Act.

Updated

November 29, 2023

Resources

Security deposit interest rate change, effective January 1, 2024

More information Download
Downloads: 406

Title and publication information

Type

Fact Sheet

Alternative Title

Security deposit interest rate change

Extent

2 pages

Frequency

Once

Publisher / Creator Information

Creator

Service Alberta and Red Tape Reduction

Publisher

Service Alberta and Red Tape Reduction

Subject Information

Topic

Economy and Finance Housing and Utilities

Resource Dates

Date Created

2023-11-29

Date Added

2023-12-04T15:21:29.075398

Date Modified

2023-11-29

Date Issued

2023-12-04

Audience information

Language

English (Canadian)

Identifiers

Usage / Licence

Licence

Open Government Licence - Alberta

Contact

Contact Name

Service Alberta and Red Tape Reduction

Available Fields

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Security deposit interest rate change, effective January 1, 2024

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security-deposit-interest-rate-change
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Security deposit interest rate change
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Fact Sheet
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Service Alberta and Red Tape Reduction
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Service Alberta and Red Tape Reduction 
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  2023-11-29
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  2023-12-04
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date_modified | Date Modified
```
  2023-11-29
```
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Once
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topic | Topic

Economy and Finance
Housing and Utilities

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2 pages
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English (Canadian)
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license_id | Licence
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Open Government Licence - Alberta
```
sensitivity | Sensitivity
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Unrestricted
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Pkg Data

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Security deposit interest rate change, effective January 1, 2024

Description

Updated

Tags

Resources