summary
Introduced
02/27/2025
02/27/2025
In Committee
03/06/2025
03/06/2025
Crossed Over
Passed
Dead
06/16/2025
06/16/2025
Introduced Session
2025 Regular Session
Bill Summary
An act relating to security deposits; amending s. 83.49, F.S.; prohibiting a security deposit paid in connection with a residential tenancy which is collected before occupancy from exceeding the equivalent of 1 month’s rent; prohibiting such security deposit that is paid during the term of the lease from exceeding a specified percentage of the equivalent of 1 month’s rent; providing that payment of such deposit may be made over a specified number of months; providing an effective date.
AI Summary
This bill modifies Florida's laws regarding security deposits for residential rentals by establishing new limits on the amount and payment structure of such deposits. Specifically, the bill prohibits security deposits collected before a tenant moves in from exceeding one month's rent, and allows security deposits paid during the lease term to be spread out over 12 months, with each monthly payment capped at 8.75 percent of one month's rent. This means that tenants will have more flexibility in paying their initial security deposit, potentially making moving into a new rental more affordable by breaking the total deposit into smaller, manageable installments. The provisions aim to reduce the upfront financial burden on renters by spreading out the security deposit cost and preventing landlords from requiring an excessive initial deposit. The bill is set to take effect on July 1, 2025, giving landlords and property managers time to adjust to the new requirements.
Sponsors (1)
Last Action
Died in Judiciary (on 06/16/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2025/1562 |
| BillText | https://www.flsenate.gov/Session/Bill/2025/1562/BillText/Filed/HTML |
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