Landlords must now pay interest on damage deposits for the first time since 2008

For the first time since 2008, the interest rate has risen to a level where interest will be owed on a damage deposit returned to tenants.

The Residential Tenancy Branch has an interest rate calculator to help calculate the amount owed, which can be found here.

We have experience in residential tenancy cases. We have the expertise to assist landlords and tenants in the issues that arise in their dealings.

Know your rights. Call us at (604)984-7555 or email us at lawyer@hansonco.ca