Security Deposits & Post-Closing Occupancy Agreements
| Type | Bill |
|---|---|
| Session | 2026 Regular Session |
| Subjects |
Concerning an exception to the statutory limit on the amount that a landlord may require a tenant to provide as a security deposit in cases where the landlord and tenant have executed a post-closing occupancy agreement.
Bill Summary:
Current law prohibits a landlord from requiring a tenant to submit a security deposit in an amount that exceeds 2 monthly rent payments. The bill creates an exception to this prohibition for cases in which a buyer and a seller of residential real property have executed a post-closing occupancy agreement in connection with the sale. The exception takes effect January 1, 2027.
(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Prime Sponsors
Senator
Marc Catlin
Senator
Marc Snyder
Representative
Naquetta Ricks
Representative
Chris Richardson
If you require reasonable accessibility accommodation to access this content, please email accessibility@coleg.gov.
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 02/13/2026 | PA1 |
| Date | Version | Documents |
|---|---|---|
| 02/04/2026 | FN1 |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 | The motion passed without objection. | Vote summary |
| Refer Senate Bill 26-054, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 7-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 02/19/2026 | Third Reading | BILL |
30
AYE
0
NO
4
OTHER
|
Vote record |
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 02/12/2026 | L.001 | SEN Local Government & Housing | Passed [*] |
| Date | Location | Action |
|---|---|---|
| 02/19/2026 | House | Introduced In House - Assigned to Transportation, Housing & Local Government |
| 02/19/2026 | Senate | Senate Third Reading Passed - No Amendments |
| 02/18/2026 | Senate | Senate Second Reading Passed with Amendments - Committee |
| 02/12/2026 | Senate | Senate Committee on Local Government & Housing Refer Amended - Consent Calendar to Senate Committee of the Whole |
| 01/27/2026 | Senate | Introduced In Senate - Assigned to Local Government & Housing |
Prime Sponsor
Sponsor
Co-Sponsor