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SB26-054 • 2026

Security Deposits & Post-Closing Occupancy Agreements

Current law prohibits a landlord from requiring a tenant to submit a security deposit in an amount that exceeds 2 monthly rent payments. The act creates an exception to this prohibition for cases in w

Housing
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Sen. M. Catlin, Sen. M. Snyder, Rep. C. Richardson, Rep. N. Ricks, Sen. C. Kipp, Rep. J. Joseph
Last action
2026-04-20
Official status
Governor Signed
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Security Deposits & Post-Closing Occupancy Agreements

Current law prohibits a landlord from requiring a tenant to submit a security deposit in an amount that exceeds 2 monthly rent payments.

What This Bill Does

  • Current law prohibits a landlord from requiring a tenant to submit a security deposit in an amount that exceeds 2 monthly rent payments.
  • The act creates an exception to this prohibition for cases in which a buyer and a seller of residential real property have executed a post-closing occupancy agreement in connection with the sale.
  • The exception takes effect January 1, 2027.
  • (Note: This summary applies to this bill as enacted.)

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

L.001

SEN Local Government & Housing

Passed [*]

Plain English: SB054_L.001 SENATE COMMITTEE OF REFERENCE AMENDMENT Committee on Local Government & Housing.

  • SB054_L.001 SENATE COMMITTEE OF REFERENCE AMENDMENT Committee on Local Government & Housing.
  • SB26-054 be amended as follows: 1 Amend printed bill, page 2, line 10, strike "NOVEMBER 1, 2026," and 2 substitute "JANUARY 1, 2027,".
  • ** *** ** *** ** LLS: Richard Sweetman x4333

Bill History

  1. 2026-04-20 Governor

    Governor Signed

  2. 2026-04-08 Governor

    Sent to the Governor

  3. 2026-04-07 House

    Signed by the Speaker of the House

  4. 2026-04-07 Senate

    Signed by the President of the Senate

  5. 2026-04-02 House

    House Third Reading Passed - No Amendments

  6. 2026-04-01 House

    House Third Reading Laid Over Daily - No Amendments

  7. 2026-03-31 House

    House Second Reading Special Order - Passed - No Amendments

  8. 2026-03-27 House

    House Second Reading Laid Over Daily - No Amendments

  9. 2026-03-24 House

    House Committee on Transportation, Housing & Local Government Refer Unamended to House Committee of the Whole

  10. 2026-02-19 House

    Introduced In House - Assigned to Transportation, Housing & Local Government

  11. 2026-02-19 Senate

    Senate Third Reading Passed - No Amendments

  12. 2026-02-18 Senate

    Senate Second Reading Passed with Amendments - Committee

  13. 2026-02-12 Senate

    Senate Committee on Local Government & Housing Refer Amended - Consent Calendar to Senate Committee of the Whole

  14. 2026-01-27 Senate

    Introduced In Senate - Assigned to Local Government & Housing

Official Summary Text

Current law prohibits a landlord from requiring a tenant to submit a security deposit in an amount that exceeds 2 monthly rent payments. The act creates an exception to this prohibition for cases in which a buyer and a seller of residential real property have executed a post-closing occupancy agreement in connection with the sale. The exception takes effect January 1, 2027.
(Note: This summary applies to this bill as enacted.)