security deposit – Kong Property Management Group

Property Management

California to limit security deposits to 1 month’s-rent

California to limit security deposits to 1 month’s rent Calif. governor Gavin Newsom signed Assembly Bill 12 by Assemblymember Matt Haney. AB12 goes into effect on July 1, 2024 which will limit security deposits to 1 month’s rent. According to Haney, this would stop the practice among certain landlords to Read more…

By admin, 9 months8 months ago

Leasing

Tenant Qualifications

Main Qualifications: The credit score must be 650 or higher on our credit report to use that applicant’s income to qualify. Security Deposit. A credit score of 650 or higher is 1 times the monthly rent in security deposit. The security deposit must be paid in order to secure the Read more…

By admin, 3 years3 years ago