Housing And Real Estate News

"California's 2024 Legal Changes: Impact on Tenants, Taxes, Sick Leave, and Gun Control"

California has introduced a new housing law that caps security deposits at one month's rent, which will take effect on July 1, 2024. Governor Gavin Newsom signed Assembly Bill 12, which is seen as beneficial for tenants, especially those who may struggle with qualifying due to credit issues. Landlords are not required to refund excess security deposits paid before the law, but tenants are encouraged to discuss potential refunds with their landlords.