- Joined
- Jan 20, 2008
- Messages
- 53
Hi, I currently manage my own couple multi-unit buildings in Edmonton. Ever since I started, I have kept my tenants` security deposits in a separate Interest-bearing Business account. One of my tenants moved out and she is making a stink about how her deposits should have been placed in a trust account, etc. I already told her we did. I gave her the correct interest payments on her deposit, less damages, etc., plus a detailed move-out statement of account. But she is still insisting on my providing the copies of bank statements showing all the interests her security deposit earned during her tenancy period.
As far as I know and have read in RTA, we are only required to provide the statement outlining all the charges on tenant`s security deposits within 10 days of their move-out date. I am hesitant to give her copies of the bank statements due to privacy reasons. Is she even entitled to her requests of getting those bank statements? Is having a separate interest-bearing business account compliant to the rule of setting up the security deposits on a separate trust account?
Nathalie
As far as I know and have read in RTA, we are only required to provide the statement outlining all the charges on tenant`s security deposits within 10 days of their move-out date. I am hesitant to give her copies of the bank statements due to privacy reasons. Is she even entitled to her requests of getting those bank statements? Is having a separate interest-bearing business account compliant to the rule of setting up the security deposits on a separate trust account?
Nathalie