Rental deposits are separate from security deposits. You can ask the tenant for a security deposit on your unit but you cannot use this money to pay the condominium corporation’s rental deposit. Within 2 banking days of receiving the tenant's security deposit, you must put the money into a trust account. You may also be required to pay interest on the tenant’s security deposit. For more information about security deposits, visit Laws for Landlords and Tenants in Alberta. Under the Residential Tenancies Act (RTA), you must do written unit move-in and move-out inspection reports with your tenant and ensure both you and the tenant each have a copy of each. You cannot make any deductions from a tenant’s security deposit to pay for damage they have done to your unit if you have not completed written move-in and move-out inspection reports. For more information about inspection reports, visit these resources: Laws for Landlords and Tenants in Alberta website http://www.landlordandtenant.org/inspection-reports/ Service Alberta RTA Handbook for Landlords & Tenants http://www.servicealberta.gov.ab.ca/pdf/RTA/RTA_Handbook.pdf