AB 12: Security Deposits

Published by donnaostak on

Assemblyman Matt Haney introduced AB 12, a significant piece of legislation aimed at addressing security deposits in residential rentals. This bill, which was approved by Governor Newsom on October 11, 2023, brings notable changes to the way landlords can collect and handle security deposits. Starting from July 1, 2024, residential landlords in California will now face a cap on the amount they can require as a security deposit, joining eleven other states that have already implemented similar measures. For further details on this new legislation, please click the link below. https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240AB12

Categories: Residential

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