WHAT IS AB12?
HOW WILL THIS AFFECT THE LANDLORD?
Existing law regulates the terms and conditions of residential tenancies, and prohibits a landlord from demanding or receiving security for a rental agreement for residential property, however denominated, in an amount or value in excess of an amount equal to 2 months’ rent, in the case of unfurnished residential property, and an amount equal to 3 months’ rent, in the case of furnished residential property, in addition to any rent for the first month paid on or before initial occupancy.
This bill would instead prohibit a landlord from demanding or receiving security for a rental agreement for residential property in an amount or value in excess of an amount equal to one month’s rent, regardless of whether the residential property is unfurnished or furnished, in addition to any rent for the first month paid on or before initial occupancy.
A California bill would limit housing security deposits to one month’s rent
A proposal making its way through the California Legislature would cap the amount landlords can charge for rental housing security deposits, a move supporters say would make stable housing more affordable and accessible.
State bill proposes capping renter security deposits
The bill, if passed in its current state, would limit a deposit to one month’s rent for an unfurnished apartment or three months’ rent for a furnished apartment.
An exemption will be made for smaller landlords.
CAA continues fight against bill limiting security deposits
as it advances to state Senate
The California Apartment Association is renewing its opposition to a bill headed to the state Senate that would cut the maximum security deposit landlords can charge to a single month’s rent.
