Connecticut Senate Bill SB00987

Connecticut 2023 Regular Session

• Introduced: 2/9/23
• Refer: 2/9/23

Caption

An Act Concerning Advance Rental Payments.

Impact

If enacted, this bill could significantly affect state housing laws by removing existing limits on advance rental payments that landlords may charge. Such a change may facilitate increased flexibility for landlords while also ensuring that tenants have recourse through clearly defined procedures for the recovery of their security deposits. The bill also reinforces the need for landlords to account for any desired deductions from the deposits due to damages, thereby ensuring transparency and fairness in financial dealings between landlords and tenants.

Summary

SB00987, titled 'An Act Concerning Advance Rental Payments', aims to amend existing laws regarding security deposits and advance rental payments. The bill specifies that an advance rental payment is any payment collected before the first month’s rent or security deposit and seeks to clarify the rules governing how these funds are handled by landlords. It establishes that all security deposits must be placed in escrow accounts and outlines the responsibilities of landlords concerning the return of these funds upon termination of a tenancy.

Contention

Debates surrounding SB00987 may focus on the balance of rights and responsibilities between landlords and tenants. Proponents argue that removing limitations on advance payments will modernize rental practices and support landlords in managing their properties more effectively. However, critics may contend that the changes could lead to potential abuse by landlords who might impose excessive advance payments, making housing less affordable and accessible for renters, particularly vulnerable populations benefiting from state housing assistance programs.