Security Deposits & Post-Closing Occupancy Agreements
SB26-054
LAST ACTION: 01/27/2026 | Introduced In Senate - Assigned to Local Government & Housing
Concerning an exception to the statutory limit on the amount that a landlord may require a tenant to provide as a security deposit in cases where the landlord and tenant have executed a post-closing occupancy agreement.
Session: 2026 Regular Session
Subjects: Housing
Bill Summary:
Current law prohibits a landlord from requiring a tenant to submit a security deposit in an amount that exceeds 2 monthly rent payments. The bill creates an exception to this prohibition for cases in which a buyer and a seller of residential real property have executed a post-closing occupancy agreement in connection with the sale. The exception takes effect November 1, 2026.
(Note: This summary applies to this bill as introduced.)