Under the Residential Tenancy Act of Alberta a Security Deposit can only equal up to a maximum of one month of 𝗥𝗘𝗡𝗧. If utilities, pet fee or parking are specified separately in a lease then they cannot be collected as a security deposit of rent. 𝗘𝘅𝗮𝗺𝗽𝗹𝗲 𝗼𝗳 𝗜𝗡𝗖𝗢𝗥𝗥𝗘𝗖𝗧 𝗧𝗲𝗿𝗺 𝗶𝗻 𝗟𝗲𝗮𝘀𝗲: The tenant will pay a total of $2,300 per month which includes rent at $2,000, flat rate utilities at $250 and monthly pet fee of $50. ***A security deposit can onl