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AL SB242

Bill

Official Source

Status

Introduced

4/25/2023

Primary Sponsor

Keith Kelley

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Origin

Senate

Regular Session 2023

AI Summary

  • Removes the existing limit that prohibited residential landlords from requiring security deposits exceeding one month's periodic rent.
  • Retains exceptions allowing landlords to charge additional amounts for pets, changes to premises, or increased liability risks.
  • Maintains existing provisions regarding deposit application to rent and damages, itemized accounting requirements, 60-day refund deadlines, and double-deposit penalties for non-compliance.
  • Takes effect on the first day of the third month following passage and approval by the Governor.

Legislative Description

Relating to the Uniform and Residential Landlord and Tenant Act; to amend Section 35-9A-201, Code of Alabama 1975, to remove the limit on the amount that a landlord may require a tenant to pay as a security deposit under a residential rental agreement.

Last Action

Indefinitely Postpone

5/31/2023

Committee Referrals

Fiscal Responsibility and Economic Development4/25/2023

Full Bill Text

No bill text available