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A break for renters? California considers reining in high security deposits

Original post made on Jun 6, 2023

A bill would hold security deposits to one month's rent, not three. The California Apartment Association says it could drive up rents, making it harder to find a home.

Read the full story here Web Link posted Saturday, June 3, 2023, 12:34 PM

Comments (1)

Posted by Steven Goldstein
a resident of Old Mountain View
on Jun 6, 2023 at 10:54 am
Steven Goldstein is a registered user.

Security payments are lterallly taking money away from tenants.

Because all landlords will deduct money from them at end of contracts.

And the money is not owned by the tenants ever during renting.

This was a SLUSH fund disguised as a security deposit. And there have been many cases where when landlords close shop, the money disappears.

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