Assembly Bill 12 would limit security deposits to one month’s rent, regardless of whether a unit is furnished or not. If the bill passes and gets Gov. Gavin Newsom’s signature, CA could become the 12th state to limit security deposits. 📝: r_valejandra
In summary
Add in the requirement that renters put up the first month’s rent before they can move in and low-income families are most likely to give up hope of finding a home.would limit security deposits to one month’s rent, regardless of whether a unit is furnished or not. If the bill passes and gets Gov. Gavin Newsom’s signature, California could become the 12th state to limit security deposits.
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