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AK SB169

Bill

Official Source

Status

Introduced

1/16/2024

Primary Sponsor

Elvi Gray-Jackson

Click for details

Origin

Senate

33rd Legislature

AI Summary

  • Reduces the maximum prepaid rent and security deposit a landlord may demand from tenants from two months' periodic rent to one-half of one month's periodic rent
  • Removes the exemption that previously allowed landlords to exceed deposit limits for rental units where rent exceeds $2,000 per month
  • Applies to all residential rental units without exception
  • Takes effect January 1, 2025

Legislative Description

Residential Prepaid Rent & Security Dep

Property

Last Action

WITHDRAWN BY SPONSOR

1/26/2024

Committee Referrals

Labor & Commerce1/16/2024

Full Bill Text

No bill text available