How much is the security deposit in Newfoundland and Labrador?

Short answer

For a month-to-month tenancy, Newfoundland and Labrador caps the security deposit at three-quarters of the first month’s rent. Week-to-week rentals use a two-week maximum.

The 75% limit makes Newfoundland and Labrador different from the one-month and half-month caps common elsewhere in Canada.

What the rule means in practice

• Monthly tenancy maximum: 75% of one month of rent.
• Weekly tenancy maximum: two weeks of rent.
• A written receipt and return timelines apply.

Deposit rules affect how much cash a renter needs before getting the keys, but they do not replace the rest of the tenancy agreement. Rent timing, pet deposits, key deposits, inspection reports and special tenancy types can have separate rules.

Calculate the amount using your rent

Use the Newfoundland and Labrador rental deposit calculator to convert the standard rule into a dollar amount using your actual monthly rent. You can also compare all jurisdictions in the Canada Rental Deposit Calculator.

Newcomers and no Canadian credit history

A landlord may ask for employment information, references or other evidence when evaluating an application, but a lack of Canadian credit history does not automatically erase provincial or territorial deposit rules. Before paying an unusual amount, ask what the payment is for, get the request in writing and check the current official source.

Official source

Newfoundland and Labrador — Residential Tenancies Act, section 14 →

Related CanadaStarter resources

Canada Rental Deposit Rules Index →
Rental deposit rules across Canada →
Renting without Canadian credit history →
Newcomer first-year cost calculator →

General information only, not legal advice. Residential tenancy rules can change; verify the current rule with the linked authority before paying a deposit.