Extends the timeline for the return of security deposits for residential rental agreements from fourteen days to thirty days

2025 Regular Session Introduced by Maritza Davila and 7 co-sponsors

A 2652 extends the security-deposit return deadline from 14 to 30 days after tenancy ends, guiding landlords to adjust timing and giving tenants longer to get deposits.

REFERRED TO JUDICIARY

Summary of Bill A 2652

Overview

Bill A 2652, introduced January 21, 2025 and currently referred to the Judiciary Committee, would extend the deadline for returning security deposits from residential rental agreements from 14 days to 30 days. The bill’s status in this session is “REFERRED TO JUDICIARY.”

What the bill would do

Change to the deadline: Landlords would be required to return the security deposit within 30 days after the end of the tenancy, instead of the existing 14-day period.

Scope: The provision applies to security deposits under residential rental agreements. (The summary provided does not specify any exemptions.)

Key provisions (as indicated by the summary)

New deadline: 30 days for the return of security deposits to tenants following tenancy termination or move-out, replacing the current 14-day requirement.

Compliance: Landlords and property managers operating under residential rental agreements would be subject to the new 30-day rule, should the bill become law.

Who would be affected

Tenants: Potentially benefit from a slightly longer timeframe in which to receive their security deposits after moving out.

Landlords and property managers: Would need to adjust timing policies, accounting records, and any related communications to ensure deposits are returned within the 30-day window.

Property management companies and landlords with multiple rental units: May need to update standard leases and internal procedures to ensure consistent compliance.

Procedural and timeline aspects

Introduction date: January 21, 2025.

Legislative action: Referred to the Judiciary Committee on January 21, 2025 (listed twice in the record, likely clerical duplication).

Related measures:

A 3278 (prior-session)
S 4856 (companion)
Note: There are multiple mentions of S 4856 as a companion in the related list.

Related legislation

A 3278 (prior-session) — related bill in a prior session

S 4856 (companion) — identical or parallel companion measure in the Senate

Potential impact and considerations

Policy impact: The bill would lengthen the period before deposits are returned, which could affect tenants’ access to funds and landlords’ cash-flow management.

Administrative considerations: Leases, move-out checklists, and accounting systems may need updates to track and enforce the 30-day requirement.

Fiscal considerations: No explicit fiscal impact is stated in the provided summary; potential administrative costs or savings would depend on enforcement practices and dispute activity.

This summary focuses on the substantive change proposed by A 2652 and its direct effects on tenants and landlords if enacted.