In California, there was a longstanding rule that capped the allowable security deposit amount that a landlord could require. A landlord could not require a security deposit greater than twice the monthly rental rate for an unfurnished rental unit/property. If the unit/property was furnished, then the landlord could only require a security deposit up to triple the monthly rent.
For rentals after July 1, 2024, the rule changed limiting the maximum amount of security deposit a landlord can require to one month’s rent unless the landlord meets the requirements to be exempt. The law also affords additional protections to service members that were not present before.
If you are a tenant that has been charged an excessive security deposit, contact us to schedule a consultation today. Modern Legal PC has helped numerous clients in security deposit disputes with their landlords.
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In our next blog we will be discussing the new legal requirements for landlords to charge their tenants for damages and repairs for a residential unit..
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