New law allows landlords to charge fees in lieu of security deposit

New law allows landlords to charge fees in lieu of security deposit

Landlords can collect monthly fees instead of asking for a security deposit under a measure Gov. Ron DeSantis signed into law Friday.

Sponsored by Republican Rep. Jim Mooney, and carried in the Senate by Republican Rep. Nick DiCeglie, the measure (HB 133) drew Democratic opposition, but the bill’s promulgators said it offers an option for renters who can’t come up with thousands for a security deposit at the front end.

Deposits usually require renters to put down the equivalent of first and last month’s rent.

“Some folks don’t have $3,000,” DiCeglie told the Senate. “So this is simply an option.”

A similar bill died during last year’s Session but was resurrected once again — to many Democrat...

Full story at Florida Politics