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This letter is to notify you of damages to the property at (address) ________________________ that occurred during the time you occupied it, from (move-in date)_____________ to (move-out date)______________. To repair the below damages, $ _____________ will be withheld from your $____________ security deposit.
The landlord is allowed to adjust the security deposit amount when rent has not been paid or intentional damage has been made to the property. The landlord should refund the balance to the tenant when the property is being vacated.
California to limit security deposits to 1 month's rent under new law signed by Newsom. SAN FRANCISCO ? Renters in California will no longer be asked for a security deposit larger than one month's rent, under a bill signed into law by Gov. Gavin Newsom.
The statement must include the: Tenant's name and new address, or address he gave for return of the security deposit. Commencement date of the lease and date it ended. Amount of the security deposit when the tenant moved in. Amount of interest accrued.
Newsom signed AB 12 into law on Wednesday. Beginning July 2024, your security deposit cannot exceed one month's rent, regardless if the unit is furnished or not. Small-scale landlords who own no more than two properties and a total of four units can request up to two months' rent under the new law.