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A security deposit is a sum of money or other value given to the landlord, that is in addition to the
rent paid in respect of the residential premises, and is held as security for the performance of an
obligation or a liability of the tenant
if the premises are rented from week to week, the deposit cannot be greater than the first two
weeks rent;
for a monthly rental agreement, it must not exceed three-quarters of the first months rent;
where the premises are rented for a fixed term of 6 to 12 months, the deposit cannot exceed
three-quarters of the first months rent if the rent was proportioned to a monthly payment.
week-to-week;
month-to-month;
a fixed term of not less than 6 months and not more than 12 months.
where the owner shares bathroom and kitchen facilities with an occupant, as in a boarding
home;
occupied on a transient basis provided in a hotel, motel, inn, tourist home or hostel.