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These changes are effective as of January 1, 2024 throughout the State of California:
This law takes effect July 1, 2024
SB-267 Credit History of Persons Receiving Government Rent Subsidies
Under a new State law effective on January 1, 2024, landlords can’t rely only on credit reports for assessing an applicant’s eligibility in meeting financial or income standards. Applicants for vacant units must be permitted to submit lawful, verifiable alternative evidence of the applicant’s reasonable ability to pay via a government rent subsidy...READ MORE
AB-12 Tenancy: Security Deposits
For many years residential landlords could not demand or receive a security deposit in excess of an amount equal to 2 months’ rent, for unfurnished units, and an amount equal to 3 months’ rent, for furnished units. A new law will limit deposits to an amount equal to one month’s rent, regardless of whether the residential property is unfurnished or furnished.
There is an exemption for when the landlord is a natural person who owns no more than 2 properties that collectively include no more than 4 dwelling units offered for rent. The exemption does not apply if a prospective tenant is a service member.