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edits
Difference between revisions of "Moving In"
From Clicklaw Wikibooks
→Non-refundable fees
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*fee of not more than $25 for a NSF cheque or late payment of rent, | *fee of not more than $25 for a NSF cheque or late payment of rent, | ||
*fee that is not more than $15 or 3 percent of the monthly rent as a fee for moving between units in a building if you requested the move. | *fee that is not more than $15 or 3 percent of the monthly rent as a fee for moving between units in a building if you requested the move. | ||
== Getting your deposit back == | |||
The law requires you to do move-in and move-out condition inspection reports with your landlord in order to get your security deposit back. The penalty for a landlord or tenant not participating in the condition inspections is losing the right to the security deposit. See section on [[Condition Inspection Reports]]. | |||
When you move out, you must give your landlord a forwarding address in writing where your security deposit can be sent. This is required by law. After your landlord receives your forwarding address and you have moved out, the landlord has 15 days to return your security deposit to you. The forwarding address does not have to be where you live, but somewhere you can receive mail. | |||
If the landlord wants to keep some or all of your deposit, you must either agree to it in writing, or the landlord must apply | |||
for a [[dispute resolution]] hearing within 15 days from the day when you moved from your place and gave your forwarding address in writing. If the landlord does not do this, you could make a claim for double the amount of your security deposit. You have two years from when your tenancy ended to make a claim for your deposit at the [[Residential Tenancy Branch]]. However, in order to do this, you must provide your landlord with your forwarding address in writing within one year after the end of your tenancy. | |||
'''Interest''' Your landlord is required to pay you interest on your security deposit. However, the amount of interest required | |||
to be paid is established yearly by the government. Some years you will not receive any interest on your deposit if the prime lending rate of the principal banker to the Province is less than 4.5 percent on the first day of the calendar year. You can go to www.rto.gov.bc.ca and use the rate calculator to find out how much you are owed. | |||
