Newfoundland and Labrador tenancy
Newfoundland and Labrador security deposit maximum calculator
Check two-week or three-quarter-month security deposit rules for Newfoundland and Labrador rentals.
Estimate the permitted deposit
Under section 14, the ordinary ceiling is two weeks of rent for a weekly tenancy, or three-quarters of the first month’s rent for monthly tenancies. A fixed-term ceiling uses three-quarters of the first month’s monthly-equivalent rent. Fractional cents are rounded down so the suggested deposit never exceeds that ceiling. This tool does not calculate deposit interest.
For a subsidized housing tenancy, some deposit provisions may not apply in the ordinary way. Confirm the type of agreement and use the official rules.
Examples of the statutory ceiling
- $400 weekly rent: the maximum ordinary deposit is $800 (two weeks).
- $1,600 monthly rent: the maximum ordinary deposit is $1,200 (three-quarters of the first month).
- $12,000 total for a 12-month fixed term: because the term must provide for equal monthly payments, the monthly equivalent is $1,000 and the maximum ordinary deposit is $750.
The calculator asks for the first full rental week or first full rental month, or the first month’s monthly-equivalent payment for a fixed term—not a total annual rent or a partial-month payment. For a nonstandard agreement or a subsidized arrangement, confirm applicability before relying on the result.
Receipt, safekeeping and excessive deposits
Section 14 requires the landlord to provide a written acknowledgment stating the amount, receipt date and premises. The deposit generally must be placed in an interest-bearing account within two banking days; a landlord with at least three residential premises must use a trust account reserved for security deposits. Interest at the prescribed rate belongs to the tenant for the time the deposit is held.
If a landlord collected more than the statutory maximum, section 14(3) allows the tenant to deduct the overpayment from rent or seek recovery with the prescribed interest. Document payment and seek guidance before deciding how to claim the difference. The deposit return planner addresses a separate ten-day rule after move-out.