Newfoundland and Labrador landlords can ask for a security deposit of up to three quarters of a month's rent. Work out the limit for your rent and the interest owed.
Largest total deposit allowed
$1,350.00
The most a landlord can ask for is $1,350.00. The 2026 interest rate is 0%, so no interest builds up this year.
| Deposit limit | Up to three quarters of the first month's rent for a month-to-month or fixed-term tenancy. It must go into an interest-bearing account in the province within two banking days. |
|---|---|
| Pet deposits | The Act does not allow separate deposits for things like pets. There is one security deposit. |
| Interest | Simple interest at a yearly rate set from the Bank of Canada rate. It is 0% for 2026 and was 1% for 2025. Interest is paid when the deposit is refunded, for the whole time it was held. |
| Returning the deposit | Within 10 days after the tenant moves out, unless the landlord has a claim against the deposit. With a claim, the two sides can agree in writing or either can apply to the Director. |
| Disputes | Residential Tenancies Office |
The calculator multiplies the monthly rent by the fraction of a month the province allows and rounds down to the cent. It then shows one year of interest at the 2026 rate.
Largest security deposit = monthly rent x 0.75, rounded down to the centOne year of interest = total deposit x 0 / 100Say the rent is $1,800 a month.
| Step | How | Result |
|---|---|---|
| Security deposit | $1,800 x 0.75 | $1,350.00 |
| Largest total deposit | Same as above | $1,350.00 |
| One year of interest | $1,350.00 x 0 / 100 | $0.00 |
The most a landlord can ask for is $1,350.00. The 2026 interest rate is 0%, so no interest builds up this year.
This page explains the general rules for private rentals and is not legal advice. Rules differ for some kinds of housing, and they change. For a specific situation, check with the Residential Tenancies Office.
Checked against these official sources on September 27, 2026:
Up to three quarters of the first month's rent for a month-to-month or fixed-term tenancy. It must go into an interest-bearing account in the province within two banking days.
The Act does not allow separate deposits for things like pets. There is one security deposit.
Simple interest at a yearly rate set from the Bank of Canada rate. It is 0% for 2026 and was 1% for 2025. Interest is paid when the deposit is refunded, for the whole time it was held.
Within 10 days after the tenant moves out, unless the landlord has a claim against the deposit. With a claim, the two sides can agree in writing or either can apply to the Director.
Find the earliest date a month-to-month tenancy can end when a tenant gives notice, under your province's rules.
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