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Unfurnished Furnished Rental Units Security Deposits
The law limits the total amount that the landlord can require the tenant to pay as a security deposit. The total amount allowed as security depends on whether the rental unit is unfurnished or furnished and whether the tenant has a waterbed.
• Unfurnished rental unit: The total amount that the landlord requires as security cannot be more than the amount of two months’ rent. If you have a waterbed, the total amount allowed as security can be up to two-and-a-half times the monthly rent.
• Furnished rental unit: The total amount that the landlord requires as security cannot be more than the amount of three months’ rent. If you have a waterbed, the total amount allowed as security can be up to three-and-a half times the monthly rent.
• Plus first month’s rent: The landlord can require you to pay the first month’s rent in addition to the security deposit.93
The landlord normally cannot require that you pay the security deposit in cash.
93 Civil Code Section 1950.5(c).
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Tenants Guide to Security Deposits on Unfurnished and Furnished Rental Units is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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