Connecticut House Bill HB05345

Connecticut 2022 Regular Session

• Introduced: 3/3/22
• Refer: 3/3/22

Caption

An Act Concerning Security Deposits.

Impact

With the repeal of the cap on security deposits, the legislation may address the demands of landlords while potentially impacting tenants' financial responsibilities. While proponents argue this flexibility could encourage landlords to offer more rental options and terms, critics raise concerns over its implications for tenants, particularly those with limited financial resources who may struggle with higher upfront costs. This change could disproportionately affect lower-income individuals who already face challenges in maintaining rental stability.

Summary

House Bill HB05345 aims to amend existing statutes concerning security deposits in residential leases. The bill seeks to remove the previously mandated cap on security deposits that landlords could charge tenants, thereby granting landlords greater flexibility in determining the security deposit amounts required at the outset of a tenancy. This change is intended to align state law with more contemporary housing practices and to reflect the increasing costs of renting properties. The new legislation emphasizes the importance of returning security deposits promptly and under specific conditions upon the termination of a tenancy.

Contention

Opposition to HB05345 centers on the fear that allowing landlords to impose higher security deposits may lead to increased discrimination against lower-income tenants. Critics argue that the financial burden of higher deposits may exclude vulnerable populations from accessing housing, thereby exacerbating issues related to housing insecurity. In addition, the absence of a cap might necessitate stronger enforcement mechanisms to ensure landlords abide by fair practices in the management and return of security deposits.