Bill > H5677

This bill modifies two sections of Rhode Island's Residential Landlord and Tenant Act, specifically addressing security deposits and prepaid rent. The legislation increases the maximum amount a landlord can request for a security deposit from one month's rent to two months' rent, which provides landlords with additional financial protection. Additionally, the bill explicitly clarifies that tenants are allowed to pay the last month's rent or make other prepaid rent payments, removing any potential ambiguity about such transactions. The changes are part of the state's ongoing efforts to balance the rights and responsibilities of landlords and tenants, with the bill taking effect immediately upon passage. These modifications could impact rental agreements by giving landlords more upfront financial security while providing tenants with more flexibility in how they manage their rent payments. The bill maintains other existing provisions of the law, such as requirements for lease disclosures, utility cost transparency, and protections for specific groups like military servicemembers and elderly tenants.

Justice

https://status.rilegislature.gov/