AB 12 Passes, but Smaller Property Owners are Spared By Brian Wallace
Assembly Bill 12, which prohibits housing providers from requiring security deposits greater than one month’s rent, has [been signed by] Governor Newsom and will become effective in June of 2024.] Background Introduced by Assemblyman Matt Haney in December, 2022, AB 12 climbed the state legislative ladder in under a year with few concessions to rental…