Quote:
Originally Posted by kermitology
So does this mean that as soon as I rent the place out again they get the deposit back or do I hold it until the termination date on the lease?
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Yeah you'd give it back when it's rented out to a new tenant, when you rent it out to someone else that would be the effective new termination date on the lease.
EDIT: This is one position where post-dated cheques is still a good way to go, if you are depending on them to sent it via EMT and they decide to not fulfill their part then you only have their security deposit to cover one month of the vacancy (assuming no deductions), and then have to try and go after them (which is nearly impossible).
Not a huge deal currently in Calgary but can be important other times.