The Alberta Government recently passed legislation that amends the Residential Tenancies Act and provides greater flexibility to landlords when returning security deposits to tenants.
Section 46(1)(a) was repealed, and the following (in red font) was substituted in its place:
(a) “deliver” means
(i) deliver by personal service,
(ii) send by regular mail or registered mail, or
(iii) deliver in any other manner agreed to in writing by the landlord and tenant;
The landlord and tenant can now agree, in writing, how the security deposit is to be returned to the tenant at the end of the tenancy.
This is a positive change for both landlords and tenants.