diff --git a/net/rxrpc/peer_object.c b/net/rxrpc/peer_object.c
index b700b7ecaa3d..64830d8c1fdb 100644
--- a/net/rxrpc/peer_object.c
+++ b/net/rxrpc/peer_object.c
@@ -216,7 +216,7 @@ struct rxrpc_peer *rxrpc_alloc_peer(struct rxrpc_local *local, gfp_t gfp)
 	peer = kzalloc(sizeof(struct rxrpc_peer), gfp);
 	if (peer) {
 		atomic_set(&peer->usage, 1);
-		peer->local = local;
+		peer->local = rxrpc_get_local(local);
 		INIT_HLIST_HEAD(&peer->error_targets);
 		peer->service_conns = RB_ROOT;
 		seqlock_init(&peer->service_conn_lock);
@@ -307,7 +307,6 @@ void rxrpc_new_incoming_peer(struct rxrpc_sock *rx, struct rxrpc_local *local,
 	unsigned long hash_key;
 
 	hash_key = rxrpc_peer_hash_key(local, &peer->srx);
-	peer->local = local;
 	rxrpc_init_peer(rx, peer, hash_key);
 
 	spin_lock(&rxnet->peer_hash_lock);
@@ -417,6 +416,7 @@ static void __rxrpc_put_peer(struct rxrpc_peer *peer)
 	list_del_init(&peer->keepalive_link);
 	spin_unlock_bh(&rxnet->peer_hash_lock);
 
+	rxrpc_put_local(peer->local);
 	kfree_rcu(peer, rcu);
 }
 
@@ -453,6 +453,7 @@ void rxrpc_put_peer_locked(struct rxrpc_peer *peer)
 	if (n == 0) {
 		hash_del_rcu(&peer->hash_link);
 		list_del_init(&peer->keepalive_link);
+		rxrpc_put_local(peer->local);
 		kfree_rcu(peer, rcu);
 	}
 }