1 Month Deposit Max Question

[Nick Johnson]

I understand that the law in CA limiting landlords to a max of one month's deposit went into effect on July 1. Does anyone know if this applies if the applicant is volunteering a two-month deposit in lieu of a high credit score? She acknowledges that her credit is not great, due to a history with a former partner, but she makes sufficient income and is willing to put down more as a deposit. 

[Ty Coutts]

In California, the law limiting landlords to a maximum security deposit of one month's rent for unfurnished properties and two months' rent for furnished properties went into effect on July 1, 2024. This law applies regardless of whether the tenant volunteers to pay a higher deposit due to credit issues or any other reason. The intention behind this legislation is to protect tenants from excessive financial burdens. Therefore, even if an applicant acknowledges her credit history and offers a larger deposit, landlords must adhere to the legal limits set by the state.

[Nick Johnson]

Thank you!