Deposits An online calculator and a table of annual interest rates on deposits that allow you to calculate the amount of interest due on a deposit based on the lease period. www.servicealberta.ca/620.cfm (see primary contact in Alberta above) For more information, see the fact sheets on tenants and landlords. A deposit granted to a landlord by a tenant cannot exceed one month`s rent. The owner is obliged to place all deposits in an escrow account with a bank, where he will accumulate interest over time. The deposit can also be deposited with a credit union, Treasury branch or trust company in Alberta, but must be deposited within two business days of pickup. Interest must be paid to the tenant at the end of each rental year, although it may be compounded annually and paid to the tenant at the end of each rental period, provided that this establishment has been agreed in writing by both parties. The landlord is not able to increase the deposit during the rental period. Landlords and tenants must complete a move-in and move review report. This report describes the condition of the rental space when a tenant moves in and again when they move. Landlords and tenants involved in a dispute can contact this service to help them resolve their dispute. Written notification of the increase is not required if it is a fixed-term lease.
In the case of a periodic rental agreement, the landlord is required to inform the tenant in writing of the increase and to sign and date the amount of the increase, the effective date of the rent increase and the termination. Without the landlord`s permission, tenants are only allowed to add locks that can be used from the inside, such as chain locks. A lease can also be terminated for breach of contract, such as significant damage to the property, failure to clean up the rental property, illegal activities on behalf of the tenant or his guests, interference with the rights of other tenants or the landlord. In these cases, a landlord can issue a 14-day eviction notice. However, unlike an eviction notice for unpaid rent, a tenant may object to such termination if they do not agree with the reason for the termination. Your objections must be made in writing and sent to the owner before the end of the 14 days. If a notice of objection is served, it will then be up to the landlord to apply to the RTDRS or the Provincial Civil Court for the termination of the tenancy. Rights and obligations of the owner: The owner is always required to maintain the building in accordance with construction, health, fire and safety standards. The premises must be made available to you for your use or occupation at the beginning of the lease. The landlord will not significantly interfere with the tenant`s possession or peaceful use of the premises.
RTDRS offers landlords and tenants an alternative way to resolve serious disputes amicably. The service is designed to be faster, more informal and more cost-effective than the courts. A lock change can only take place if the landlord and tenant have accepted it. However, a landlord or tenant can change the lock immediately if a key is immediately provided to the other party. Tenants rent the place where they live. The RTA applies to most residential tenants living in the following countries: An apartment owner renting their dwelling to a tenant must inform the condominium owner company in writing: If a landlord ignores a tenant`s repair request, the tenant can contact the RTDRS or the court at: If the landlord does not respond to the request within 14 days, The tenant may assume that the landlord agrees to the subletting or assignment. In Alberta, a landlord can evict a tenant for reasonable reasons, and a tenant has the right to challenge the eviction. The only exception is if the eviction is due to non-payment of rent.
In this case, the tenant or landlord must go through the Residential Tenancies Dispute Resolution Service (RTDRS) to resolve the eviction dispute. The landlord must pay interest to the tenant at the end of each tenancy year, unless both parties agree otherwise. If the landlord and tenant agree in writing, interest can be compounded annually and paid to the tenant at the end of the tenancy. For mobile home sites, landlords are required to provide tenants with the following notices: In Alberta, the Residential Tenancies Act (LRA) (PDF, 660 KB) applies to most people who rent the place where they live. This Act sets out the rights and obligations that apply to landlords and tenants. Landlords are required to give at least 24 hours` notice before entering a tenant`s unit to make repairs, inspect repairs, or show the property to potential buyers or tenants, unless the tenant agrees. The only situation where the immediate entry of the owner is allowed is in case of emergency or abandonment. A landlord`s notice cannot be used for more than one listing. Any landlord entry that does not constitute an emergency must be preceded by written notice 24 hours in advance. A landlord can evict you if the property you are renting is sold and the new buyer or a close family member wants to live in the property.
The buyer must ask the landlord in writing to notify the tenant in order to terminate the contract. The owner is required to refund the deposit within 10 days of the tenant`s departure from the rental property. The interest rate that the tenant`s security deposit accumulates when living in the property is 3% lower than the November 1 interest rate on guaranteed investments payable over one year held or offered by ATB Financial, formerly known as Albert Treasury Branches as Albert Treasury Branches. A move inspection report must be completed within a week of or after a tenant moves in, and a move report must be completed one week before or after a tenant leaves. Ideally, the inspection should be carried out when the rental property is empty. If a landlord does not complete the inspection reports, they will not be able to deduct the cost of cleaning or repairing the original deposit. If the rental space is not ready to be occupied by the tenant at the beginning of the lease, the tenant can inform the landlord that they do not want to continue with the lease, or they can apply to the Court of Queen`s Bench that the landlord be responsible for complying with the lease.