🍁 Provincial Law Guide • Updated January 2025
Prince Edward Island Landlord Tenant Laws 2025
PEI has strict rent control governed by the Island Regulatory and Appeals Commission (IRAC). Compliance with annual guidelines is mandatory.
Yes (Strict)
Rent Control
1 Month
Deposit Limit
15 days
Deposit Return
3 months
Rent Notice
Security Deposit Rules
- Maximum Limit: 1 month rent.
- Interest: Mandatory annual interest paid to tenant (rate set by IRAC).
- Return Deadline: 15 days after termination of tenancy.
- Withholding: Can only withhold with tenant consent or IRAC order (Form 9).
Rent Control (IRAC)
PEI's rent control applies to the unit, not just the tenant.
- Guideline: Published annually by IRAC (typically 1-3%).
- Notice: 3 months written notice required (Form 10).
- Frequency: Only one increase per 12 months.
- Above Guideline: Must apply to IRAC and prove increased costs.
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