Bill limiting security deposit requirements advances

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A bill that moved out of the Assembly Judiciary Committee this week would prohibit landlords from demanding security deposits in a single, upfront payment.

AB 3260 by Assemblywoman Buffy Wicks, D-Oakland, would require property owners to allow a new tenant to pay a security deposit over a six‐month period or to obtain a security deposit insurance policy to cover damages they cause at the property.

Assemblywoman Buffy Wicks

The California Apartment Association has objected to this mandate.  

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