Yukon Security Deposit Laws: Rules for Landlords (2025)

Security deposits are one of the most common sources of landlord-tenant disputes in Yukon. The Residential Tenancies Act (effective September 1, 2025) sets clear rules on how much can be collected, how it must be handled, and when it must be returned. Understanding these rules helps Yukon landlords protect their investment while avoiding costly disputes.

Disclaimer: This guide provides general legal information for educational purposes only and does not constitute legal advice. Always consult a licensed attorney in Yukon for guidance specific to your situation. Information last verified: March 2026.

Security Deposit Limits

Landlords are limited to one security deposit per tenancy, regardless of how many tenants are added to the lease over time. If rent increases after the tenancy begins, the landlord cannot demand a top-up to match the new rent level.

Pet Damages Deposits

The 2025 Residential Tenancies Act introduced Yukon's first statutory framework for pet deposits. Landlords may now collect a separate pet damage deposit of up to half a month's rent if a tenant has a pet. This must be documented in the tenancy agreement.

Condition Inspection Reports

Before a tenant moves in, both landlord and tenant must complete a joint condition inspection of the rental unit and sign a Condition Inspection Report. A second inspection must occur when the tenancy ends.

The landlord must provide the tenant with a copy of the move-in inspection report within 14 days. Failure to conduct the inspection may limit the landlord's ability to make deductions from the deposit.

Allowable Deductions

Landlords may deduct from the security deposit for:

• Unpaid rent — Amounts the tenant owes at the end of the tenancy
• Damage beyond normal wear and tear — Tenant-caused damage documented in the condition inspection report
• Cleaning costs — If the unit is left in a condition requiring professional cleaning beyond normal use
• Other outstanding charges — As specified in the tenancy agreement and permitted by law

Normal wear and tear — such as minor scuffs on walls, faded paint, or worn carpet from regular use — is not deductible.

Return Deadline

Landlords must return the security deposit, plus any accrued interest, within 15 days of the later of:

1. The end date of the tenancy, or
2. The date the landlord receives the tenant's written forwarding address or e-transfer information

If the landlord fails to return the deposit or apply for dispute resolution within the 15-day window, they forfeit all claim to the security deposit.

Deposit Interest

Security deposits in Yukon accrue interest, which must be calculated and returned to the tenant along with the principal when the deposit is refunded.

Withholding the Deposit

If a landlord wants to keep all or part of the security deposit, they must either:

1. Obtain the tenant's written agreement, or
2. Apply to the Residential Tenancies Office (RTO) for dispute resolution

Landlords cannot unilaterally withhold the deposit. If the tenant does not receive their deposit within 15 days, they can file their own application with the RTO.

Prohibited Use

Tenants cannot use the security deposit as their last month's rent unless the landlord gives written consent.

How to Stay Compliant

Best practices for Yukon landlords:

1. Document everything — Complete the condition inspection report thoroughly at move-in and move-out with photos.
2. Deposit in writing — Record the deposit amount in the signed tenancy agreement.
3. Track interest — Keep records of when the deposit was received to calculate accrued interest at move-out.
4. Return promptly — Get the tenant's forwarding address in writing on the day they vacate to start the 15-day clock.
5. File for dispute resolution — If you have legitimate deductions, file with the RTO within 15 days rather than withholding unilaterally.

Back to Yukon Landlord-Tenant Laws Overview.

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