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Bill

Bill

S 4087

Requires return of a security deposit by a landlord within 30 days unless the landlord gives written notice of retention for legally authorized cause

2025 Regular Session Introduced by Kevin Parker

Bill S 4087 requires landlords to return security deposits within 30 days of lease termination, enhancing tenant rights and reducing disputes over retention.

REFERRED TO JUDICIARY
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Bill Summary · S 4087

Summary of Bill S 4087

Purpose and Intent

Bill S 4087 aims to establish a clear timeline for landlords to return security deposits to tenants after the termination of a lease. The primary intent is to protect tenants' rights by ensuring they receive their security deposits promptly unless there is a legally justified reason for retention.

Key Provisions

  • Return Timeline: Landlords are required to return the security deposit to the tenant within 30 days of the lease termination.
  • Written Notice Requirement: If a landlord intends to retain any portion of the security deposit, they must provide the tenant with written notice specifying the reasons for retention. This notice must be based on legally authorized causes, which typically include damages beyond normal wear and tear or unpaid rent.
  • Legal Compliance: The bill emphasizes that any retention of the security deposit must comply with existing laws governing landlord-tenant relationships.

Affected Parties

  • Tenants: The bill directly benefits tenants by ensuring they receive their security deposits in a timely manner, thereby enhancing their financial security and reducing disputes with landlords.
  • Landlords: Landlords will need to adhere to the new timeline and notification requirements, which may require adjustments to their current practices regarding security deposits.

Procedural Aspects

  • Introduced Date: The bill was introduced on January 31, 2025.
  • Current Status: As of now, the bill has been referred to the Judiciary Committee for further consideration.
  • Related Legislation: This bill is part of a broader legislative context, with several related bills from prior sessions, including S 1769, S 159, and others, indicating ongoing legislative interest in landlord-tenant laws.

Conclusion

Bill S 4087 seeks to enhance tenant protections regarding security deposits by mandating a clear return timeline and requiring landlords to provide justification for any retention. This legislation reflects a growing recognition of the need for transparency and fairness in landlord-tenant relationships. As the bill progresses through the legislative process, its implications for both tenants and landlords will be closely monitored.

Compiled from official sources — confirm details with the bill’s official record.

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