inflation legislation: capping security deposits

California is addressing the inflationary impact of security deposits.  AB 12 (2023 | CA) will limit security deposits to one month’s rent. If signed by the Governor, California will be the 12th state to pass a cap on security deposits. For the curious, AB 12 exempts small landlords with 2 properties and less than 4 units.

Daily Independent | Bill to ban expensive security deposits passes legislature, heads to Newsom’s desk