The Renters Caucus' five members say they're the only California legislators who rent the place they live.
, authored by Haney, would cap security deposits to one month's rent.
Right now, landlords can charge two or three times that amount. That's a huge barrier for families trying to move, especially in Los Angeles and San Francisco.“The result is that they stay in housing that is too crowded for them, or stay in housing that’s far from where they work or go to school. And landlords are losing good tenants,” Haney said.
But opponents of AB 12 say small landlords rely on those security deposits to cover damages and rental risks. AB 12 will not increase housing supply. It simply restricts property owners' rights and makes it more difficult for renters without rental history or credit history to secure housing. Read one Orange County rental housing provider's story, here:
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