July 1st brings new Security Deposit Law
It’s July 1st which means that there are important changes to the Security Deposit Law is going into effect. AB-12 Thanks to AB-12, renters in California can no longer be asked for a security deposit larger than one month’s rent for leases signed on or after July 1, 2024. Already existing leases will not be affected by this new law. There is an exception in the bill for small landlords, who can charge up to the value of two months’