Did you know security deposits changed for California rentals? How much can a landlord charge for a security deposit? As of July 1, 2024, AB 12 changes the amount of security deposit that a landlord can collect for a rental property…the amount is dramatically reduced in most cases. Additionally, some rental properties are exempt from AB 12, but which ones are exempt from AB 12 and what does this mean for California renters and California landlords?

Legal text of AB 12 https://leginfo.legislature.ca.gov/fa...

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Sections
00:00 WIRE Associates intro from Christian Walsh
00:52 Important Points about Security Deposits
01:36 Security Deposits BEFORE AB 12
03:02 Security Deposits AFTER AB 12
03:36 Security Deposits Exempt from AB 12
05:10 FAQs about Security Deposits and AB 12

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