RTA · Residential Tenancies Act
Part 4 — Security Deposits
47 Obligations and rights of new landlord
residential premises has the rights and is subject to the obligations
of the previous landlord with respect to a security deposit paid to
the previous landlord in respect of the residential premises.
(2) A person who acquires the interest of a landlord in residential
premises shall, within a reasonable time after acquiring the interest
and without cost to the tenant, serve on the tenant
(a) a notice of landlord that meets the requirements of section
18, and
(b) a statement setting out the amount of the security deposit
and interest, calculated in accordance with the regulations,
standing to the tenant's credit as of the date the person
acquired the interest in the residential premises.