Property Management Glossary
Residential Tenancy Branch in British Columbia : The administrative body tasked with overseeing residential tenancies in British Columbia and providing information and dispute resolution services for landlords and tenants. RTB publishes a number of Policy Guidelines and other resources for landlords and tenants alike.
Security Deposit : A condition for Landlord of entering into a tenancy agreement with Tenant. The maximum amount of a security deposit is one half of one month’s rent, per tenancy agreement. The payment of a security deposit must be collected before the start of a tenancy.