Residential Tenancies Ministerial Regulation s. 7

7 Trustee of security deposit trust account

Current to 2026-06-29 · Official PDF

(1) If a residential tenancy agreement is between a non-owner
landlord and a tenant, the non-owner landlord is the sole trustee of
the money paid by the tenant as a security deposit that is held in a
security deposit trust account.
(2) A non-owner landlord of residential premises who, under
subsection (1), is the sole trustee of the money in a security deposit
trust account shall hold and administer the trust account until the
non-owner landlord ceases to be a landlord of those premises.
(3) The owner of residential premises shall not hold and administer
a security deposit trust account in respect of those premises if a
non-owner landlord of those premises is required under subsection
(2) to hold and administer the security deposit trust account.