This video discusses the upcoming changes to the maximum security deposit allowed for landlords in California, which will be enforced starting July 1, 2024, under Assembly Bill 12 (AB 12). The law stipulates that landlords cannot demand or receive a security deposit exceeding one month's rent, with an exception for certain landlords who meet specific criteria.

Disclaimer: This video is for educational purposes only. Consult with legal professionals specializing in landlordtenant law for specific legal advice.

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00:00 Introduction
00:16 AB12 Rules
01:36 What about security deposits already held?
01:56 What about furnished properties?
02:15 Pet Deposits
02:50 Can you charge 1st and last month's rent?
03:29 Can you work around the AB12 limits?
04:38 How will AB12 affect the rental market?
05:55 Bottom Line