Bill > S0803

This bill modifies two sections of Rhode Island's Residential Landlord and Tenant Act to make two key changes: first, it explicitly clarifies that tenants are allowed to pay the last month's rent or any other prepaid rent, which was previously not expressly stated in the law, and second, it increases the maximum security deposit that landlords can request from tenants from one month's rent to two months' rent. The bill maintains existing protections for tenants, such as requirements for landlords to provide clear lease disclosures about fees, utilities, and insurance, and preserves existing rules about how security deposits must be handled when a tenancy ends. The new provisions will take effect immediately upon the bill's passage, and they apply to rental agreements across the state, potentially giving landlords more financial protection while providing tenants with some additional flexibility in how they can structure their rent payments. These changes could help landlords mitigate potential financial risks while offering tenants more options for managing their rental expenses.

Justice

https://status.rilegislature.gov/