The failed measure would have let some rental applicants offer an extra deposit and allowed landlords to accept advance rent for future rental periods.
Applicants who miss certain rental screening standards could offer an extra deposit of up to one month’s rent. A landlord could accept it, but would not have to.
Landlords could accept advance rent for consecutive rental periods, starting with the first period a tenant has not paid. The proposed measure would not require them to hold it in a separate account.
The proposed measure would let an applicant offer, and a landlord accept or suggest, an extra regulated deposit. This applies when an applicant misses a listed standard for credit score, income, certain eviction records, recent unpaid judgments, or landlord references that the prospective landlord could not verify. The landlord would not have to accept the deposit or approve the applicant. Before the application and any application fee, the landlord must disclose the unmet standard. Before accepting the deposit, the landlord must give written reasons, explain the right to request a new screening, and disclose any screening fee. The proposed measure would take effect January 1, 2027.
The proposed measure would treat advance rent as rent, not as a security deposit, and would not require landlords to hold it in a separate account. This concerns advance rent payments from tenants to landlords. A landlord could accept advance rent only for consecutive rental periods, starting with the first period not yet paid. The proposed measure would take effect January 1, 2027.
No hearings or votes scheduled.