A break for renters? California considers reining in high security deposits
calmatters.org
How much security deposit is too much? California landlords could lose the ability to charge as much as three times monthly rent.

I’ve done 2 months personally (first and last), but most of my places have done 1 month. 3 is insane.

What has everyone else been seeing?

  • sambeastie@lemmy.worldEnglish
    6·
    1 year ago

    Everywhere I’ve lived except my current place has wanted First + Last as a deposit. Current place just wanted one month.

    • dan@upvote.auEnglish
      3·
      1 year ago

      The apartment I used to live at only wanted a $500 deposit - rent was around $3300/month. This was an apartment complex owned by a large company (Equity Residential) so honestly it confused me as I thought they’d try to squeeze as much money as possible from tenants. They did that for rent increases - the increases were always the maximum allowed by law (5% + CPI, capped at 10%), down to the cent.

  • dan@upvote.auEnglish
    2·
    1 year ago

    The apartment I used to live at only wanted a $500 deposit - rent was around $3300/month. This was an apartment complex owned by a large company (Equity Residential) so honestly it confused me as I thought they’d try to squeeze as much money as possible from tenants. They did that for rent increases - the increases were always the maximum allowed by law (5% + CPI, capped at 10%), down to the cent.

  • deegeese@sopuli.xyzEnglish
    1·
    1 year ago

    2 months is pretty typical, and 1 is not long enough to cover the cost of an eviction.

    If you prevent landlords from taking a deposit big enough to cover the real cost of a bad tenant, they will protect themselves by discriminating against rental applicants.