On May 27th, Beau agrees to rent a townhome for $1,200 per month, and pays the landlord $800 as a security deposit. After doing some research, Beau realizes the maximum amount a landlord can charge for a deposit is half the monthly rent. When Beau moves into his new home on June 1st, he pays $1,000 rent and clearly explains to the landlord in writing that he is withholding the amount of money he overpaid as a security deposit. The landlord is a little upset, but after reviewing the Residential Tenancy Act, learns that Beau has the right to withhold $200 from his first month’s rent.
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