What renters need to know about the new state bill AB 12
As a renter, you need to be aware of the new state bill AB 12 which was just introduced on Dec. 5.
This bill prohibits landlords from collecting security deposits greater in value than one month’s rent, regardless of the type of property.
How could this bill impact you as a renter
This is designed to make it easier for tenants to afford to move. However, most landlords charge a deposit equal to only one month’s rent now. So if this passes, landlords will simply pass on those higher-risk applicants, thereby defeating the purpose of the bill.
What should you do to make sure your rights are protected
In order to make sure your rights are protected, it’s important that you understand how this bill could impact you as a renter. Be sure to stay tuned for updates on this legislation as it progresses through the state legislature.
Conclusion
AB 12 would prohibit landlords from collecting security deposits greater in value than one month’s rent, regardless of the type of property. This is designed to make it easier for tenants to afford to move. However, most landlords charge a deposit equal to only one month’s rent now. So if this passes, landlords will simply pass on those higher-risk applicants, thereby defeating the purpose of the bill. In order to make sure your rights are protected, it’s important that you understand how this bill could impact you as a renter.
Stay tuned for updates on this legislation!
