New California Bill Would Limit Rental Security Deposits to One Month’s Rent

California lawmakers are considering putting a limit on the amount of security deposit landlords can charge renters.

An apartment complex in downtown Los Angeles at Eighth street and Grand avenue in Los Angeles, Calif., on Aug. 6, 2020. Kent Nishimura/Los Angeles Times/TNS

California lawmakers are considering putting a limit on the amount of security deposit landlords can charge renters, drawing opposition from several of the state’s property owners and realtors’ groups.

The legislation has recently crossed a major hurdle on its way to full approval. Assembly members on May 22 advanced Assembly Bill 12, sponsored by Assemblyman Matt Haney (D-San Francisco).