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Property Management Glossary

Residential Tenancy Branch (RTB)

Residential Tenancy Branch (RTB)

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

Security Deposit

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.

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