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House of Representatives
Session of 2019 - 2020 Regular Session


Posted: April 28, 2020 12:30 PM
From: Representative Valerie S. Gaydos
To: All House members
Subject: Renter's Choice
Getting into a new apartment often requires having to pay a landlord a security deposit which is typically one month’s rent and are held by landlords to cover unpaid rent or damage left by tenants who move out. Cash security deposits can be a huge burden to tenants because they add to move-in costs and can be hard to recover. However, many Americans live paycheck to paycheck and can't afford these deposits or are forced to delay their move-in to save the needed funds.  The COVID19 Crisis has just made things more problematic.
Recognizing the considerable financial hardships that security deposits can present,  I am introducing legislation to give renters a choice. If a landlord requires a security deposit, that landlord must not ask for more than two month’s rent in advance and must participate in a deposit alternative program such as cash through a schedule of installment payments or lease insurance.
By giving renters the option to rent without an upfront deposit we would be removing a roadblock to housing, help landlords get their deposits upfront by offering alternatives, puts cash back into peoples pockets.
Very Respectfully,
Valerie Gaydos
State Representative #44