SB 54 CO Became Law
Security Deposits & Post-Closing Occupancy Agreements
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Summary
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.)
Sponsors (4)
Action history (14)
- Apr 20, 2026 Governor Signed · executive
- Apr 8, 2026 Sent to the Governor · executive
- Apr 7, 2026 Signed by the Speaker of the House · lower
- Apr 7, 2026 Signed by the President of the Senate · upper
- Apr 2, 2026 House Third Reading Passed - No Amendments · lower
- Apr 1, 2026 House Third Reading Laid Over Daily - No Amendments · lower
- Mar 31, 2026 House Second Reading Special Order - Passed - No Amendments · lower
- Mar 27, 2026 House Second Reading Laid Over Daily - No Amendments · lower
- Mar 24, 2026 House Committee on Transportation, Housing & Local Government Refer Unamended to House Committee of the Whole · lower
- Feb 19, 2026 Introduced In House - Assigned to Transportation, Housing & Local Government · lower
- Feb 19, 2026 Senate Third Reading Passed - No Amendments · upper
- Feb 18, 2026 Senate Second Reading Passed with Amendments - Committee · upper
- Feb 12, 2026 Senate Committee on Local Government & Housing Refer Amended - Consent Calendar to Senate Committee of the Whole · upper
- Jan 27, 2026 Introduced In Senate - Assigned to Local Government & Housing · upper
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