Rental Security Deposits Will Be Limited To a Maximum of One Month’s Rent

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  Rental Security Deposits Will Be Limited To a Maximum of One Month’s Rent
  - Briony James
    
    October 16, 2023
    
    0 comments
For Rent sign on Madison and Del Mar (Photo – Rob G.)

A new law regarding California rental security deposits has been signed into law by Governor Gavin Newsom.

By Briony James

Taking effect July 1, 2024, the new law limits rental security deposits to a maximum of the equivalent of one month’s rent.

This is a significant change from the old law which allowed up to 2 months’ deposit for an unfurnished apartment and 3 months for a furnished one. There are limited exceptions for small property owners owning no more than two residential rental properties with a maximum of 4 dwelling units.

Written by San Francisco Assemblyman Matt Haney (D), the bill, AB12, provides a change in favor of tenants.

Tagged: Governor Gavin Newsom Rental Security Deposits Will Be Limited To a Maximum of One Month’s Rent San Francisco Assemblyman Matt Haney
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  - Briony James
    
    Briony James is a poet and a writer living in the San Gabriel Valley.
    
    Award-winning Colorado Boulevard Newspaper is your go-to source for informative news, engaging events, and vibrant community life in the greater Pasadena area. We’re proud to be recognized for excellence in journalism and remain committed to informing, educating, and collaborating to create a better world, both locally and globally.
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