Deposit Laws

Top 3 Multifamily Challenges: How to Navigate Them in 2022

A panel of experts recently discussed how to overcome the industry’s most pressing issues in the webinar, “Multifamily Top 3 Challenges: How to Navigate Them in 2022.” Moderated by LeaseLock CRO Ed Wolff, the discussion featured Jennifer Staciokas, Executive Managing Director of Property Management for Western Wealth Capital and Terresa Porizek, Managing Director of Talent…

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The Growing Risk of Deposits and Deposit Alternatives

In our last blog, we discussed how operators are reducing bad debt by insuring leases instead of taking security deposits. The bad debt that we discussed in that post ought to be enough to motivate any operator to rid themselves of deposits for good — but it is not the only reason to do it….

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Texas Security Deposit Law: Why the New Deposit Bill Is a Win for Multifamily

With legislation around the eviction moratorium, rent relief programs, and security deposits constantly evolving, Texas property owners and operators need to stay up-to-date on the latest rental housing laws. What are the biggest challenges facing both operators and their residents, and what do multifamily experts in the region have to say? What does the newest…

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Illinois Rental Laws: The Guide to Rent Assistance & Deposit Legislation

Illinois property owners and operators are constantly navigating ever-changing rental housing laws. With new legislation around rental assistance and security deposits, what do these policies mean for multifamily in the Chicago region and Illinois as a whole? In light of new rental assistance programs, as well as a wave of security deposit legislation sweeping across…

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California Rental Laws: What to Know About SB 91, Rent Control, Deposit Laws & More

California lawmakers extended a statewide eviction moratorium through June 2021 and passed an emergency measure to deliver $2.6 billion in rent relief. Local jurisdictions in San Diego and Los Angeles counties have also passed their own eviction moratoriums. With strict rent control in cities such as Santa Monica, and tightening security deposit legislation across the…

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Atlanta “Renter’s Choice” Law: What the Security Deposit Bill Means for Multifamily

Note: The information contained in this article is provided for informational purposes only, and should not be construed as legal advice on any subject matter. You should not act or refrain from acting on the basis of any content included in this article without seeking legal or other professional advice. The contents of this article…

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Security Deposit Replacement Legislation: A Lay of the Land

UPDATED – February 2022 Nearly a third of US states have passed, proposed, or pledged support for deposit replacement laws. A majority of US states have deposit restrictions. Atlanta is the latest city to pass deposit replacement legislation, while Columbus and Miami are considering similar plans. What Are Security Deposit Replacement Laws? Security deposit legislation…

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