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.
The California Apartment Association has objected to this mandate.
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