Plain English Breakdown
The bill summary and digest do not provide details on how to calculate the share of the security deposit or what happens in case remaining tenants cannot pay their share on time.
Leases: Security Deposit Rules During Abuse or Violence
This law requires landlords to return a portion of the security deposit to tenants who leave due to abuse or violence by another tenant and mandates remaining tenants to cover the departing tenant's share within two weeks.
What This Bill Does
- Requires landlords to pay a calculated share of the security deposit to tenants who terminate their lease because another tenant committed specified crimes, such as domestic violence or sexual assault.
- Mandates remaining tenants on the lease to pay the departing tenant’s share of the security deposit to the landlord within 14 days after the landlord delivers payment to the tenant who left.
Who It Names or Affects
- Tenants who leave their rental due to abuse or violence by another tenant.
- Landlords managing properties with multiple tenants.
- Remaining tenants on a lease when one leaves because of abuse or violence.
Terms To Know
- Security deposit
- Money paid by tenants to landlords at the start of a rental agreement, which can be returned at the end if there are no damages beyond normal wear and tear.
- Joint and several liability
- A legal term meaning that each person responsible for paying a debt is individually liable for the full amount, but also collectively responsible together with others.
Limits and Unknowns
- The bill does not specify how to calculate the share of the security deposit.
- It's unclear what happens if remaining tenants cannot pay their share on time.