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A Few “Security Deposit” Bullet Points
INSIDE THIS ISSUE…
By Gary Link, Attorney at Law
T
here are so many issues that revolve around the issue of receiving, retaining, and deducting security deposits in residential tenancy situations, that it would be valuable to put a spotlight on a few of them from California Civil Code Section 1950.5. Editor’s note: The entire code section is available online at www.leginfo. ca.gov/calaw.html, under the category Business and Professions. (1) What is a security deposit? For the purpose of a residential tenancy in California “security” means any payment, fee, deposit or charge, including, but not limited to, any payment, fee, deposit, or charge, except as provided in Section 1950.6 (application screening fee), that is imposed at the beginning of the tenancy to be used to reimburse the landlord for costs associated with processing a new tenant or that is imposed as an advance payment of rent, used or to be used for any purpose, including, but not limited to, any of the following: (a) The compensation of a landlord for a tenant’s default in the payment of rent. (b) The repair of damages to the premises, exclusive of ordinary wear and tear, caused by the tenant or by a guest or licensee of the tenant.
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...there is no law that a landlord must collect a security deposit; and quite frankly the fact that a landlord may not require advance payment of a security deposit could actually encourage an increase in prospective applicants, whose only pre-tenancy financial requirement would be to pay the first month’s rent. (c) The cleaning of the premises upon termination of the tenancy necessary to return the unit to the same level of cleanliness it was in at the inception of the tenancy. The amendments to this paragraph enacted by the act Continued on page 10
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Summer 2011