With April 1 just around the corner, the California Apartment Association is reminding its members that two new requirements will soon take effect—one related to positive rent reporting and another concerning security deposit documentation.
New rent reporting law (AB 2747)
Starting April 1, 2025, AB 2747 requires many landlords to give tenants the option to have their on-time rent payments reported to at least one credit bureau. The law applies to all properties with 16 or more units (except for those subject to a similar law for certain assisted housing developments—see the paper linked below). It also applies to properties with 15 or fewer units if there is corporate ownership and the owner owns more than one residential rental property.
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