Your landlord could not hold more than one and a half months of rent as a security deposit.
What it does
SB 203 would cap a residential security deposit at one and one-half month's rent for the dwelling. A security deposit is money paid to secure the lease, not a rental application deposit or an advance payment of rent. The new cap would apply only to leases entered into or renewed on or after September 1, 2027. Leases signed before that date would stay under the law as it was.
What it means for your community
If you rent a home, this would set the limit on how much a landlord can hold as a deposit. A landlord could still ask for one and a half months of rent, but not more. Renters with leases signed before September 1, 2027 would keep the deposit rules they have now until the lease is renewed.
Have an opinion on SB 203?
Your lawmaker's office counts calls. Find yours and call in under a minute.
Call your lawmaker about SB 203Free weekly email
Get the Tuesday email
One short, plain-English recap of what the Legislature did last week. Free. Unsubscribe anytime.
We describe legislation. We do not endorse or oppose it. If you spot an error, tell us and we will correct it.