What is the security deposit limit in California?
Effective July 1, 2024, landlords may not demand or receive a security deposit exceeding 1 month's rent for residential units, regardless of whether furnished or unfurnished. All deposits (pet, cleaning, last month's rent) count toward this cap. Exception: small landlords who are natural persons or LLCs with all natural-person members owning no more than 2 residential rental properties with a combined total of 4 or fewer units may collect up to 2 months' rent. The exception does not apply if the tenant is a military service member.