New Brunswick Deposit Rules (2026)
In New Brunswick the security deposit is capped (up to one month's rent, with phasing for higher rents) and is held by the Residential Tenancies Tribunal itself — not by the landlord. Deposits earn interest and are returned through the Tribunal.
Governing law: Residential Tenancies Act, S.N.B. 1975, c. R-10.2
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Held by the Tribunal
Unusually, the security deposit is paid to and held in trust by the Residential Tenancies Tribunal, not the landlord.
Amount
The deposit is capped (generally up to one month's rent, with the amount phased for higher rents). Confirm the current limit with the Tribunal.
Interest
The Tribunal pays interest on the deposit at a set rate.
Return
At the end of the tenancy, the Tribunal handles release of the deposit and adjudicates any claim by the landlord.
Allowed deductions
Unpaid rent and damage beyond normal wear and tear, decided by the Tribunal.
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