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California Rental Laws Are Changing In 2024: What Landlords Need To Know
Mar 4, 2024
Welcome to SNS Law Group. In this video, Attorney Edrin Shamtob, a licensed California attorney with over a decade of experience in the real estate field, discusses the critical changes in California rental laws that are coming into effect in 2024, including AB-12. As a landlord in California, it’s absolutely critical for you to keep track of new laws. One of the significant changes is the imposition of AB-12 on all landlords in California. Whereas in the past, landlords were allowed to collect between two and three months’ rent for security deposits, landlords will now be capped at only one month’s rent for a security deposit.
These changes can have significant implications for landlords, particularly in terms of financial planning and tenant management. It’s important to understand these changes and adapt your practices accordingly to ensure compliance and avoid potential legal issues.
If you have questions about the new laws coming into effect, including Assembly Bill 12, or if you need guidance on how to navigate these changes as a landlord in California, please feel free to contact us to schedule a consultation. We specialize in real estate law and can provide you with the necessary information and advice to navigate these changes effectively.
Remember to follow, like, and subscribe for more informative videos on California rental laws. Thank you for watching, and we look forward to assisting you with your legal needs.
Transcript:
As a landlord in California, it’s absolutely critical for you to keep track of new laws that are coming into effect in 2024. This includes AB-12. Hi, my name is Edrin Shamtob, and I’m a licensed California attorney with more than a decade of experience in the real estate field.
AB-12: California Renters Deposit Law
In July of 2024, the government is going to be imposing AB-12 on all landlords up and down California. Whereas in the past, landlords were allowed to collect between two and three months rent for security deposits, landlords are now going to be capped at only one month’s rent for security deposits.
Contact SNS Law Group For Questions About Ab-12 In California
If you have questions about new laws that are coming into effect, including Assembly Bill 12, please feel free to give us a call. I would be happy to answer any and all of your questions.
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