ID S1089

Requires residential property owners to provide prospective renters with written disclosure before accepting any application fees or payments, including good faith estimates of rent and fixed nonrent expenses, types of use-based nonrent expenses, unit availability date, eligibility criteria, and money recovery requirements.

Allows prospective renters to make written demand for return of all paid money within 5 business days after receiving the rental agreement if the agreement differs from the good faith estimate or includes undisclosed use-based nonrent expenses.

Requires property owners to return all money paid by prospective renters within 5 business days of receiving a written demand, provided the prospective renter has not signed the rental agreement or taken possession of the unit.

Permits owners to satisfy disclosure requirements through rental applications, deposit agreements, or written summaries.

Becomes effective July 1, 2023.