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A tenant advocacy group says it’s launched a campaign to stop “security deposit theft” by California landlords. San Francisco-based Tenants Together has dubbed the initiative “It’s Your Money.” The campaign website, www.YourDeposit.org, includes information about tenants’ rights, protecting security deposits — and a platform for frustrated renters to post their stories. “Millions of dollars are being stolen from tenants every year,” Dean Preston, executive director of Tenants Together, says in a news release distributed Thursday. “It’s gotten so bad that tenants paying their security deposits don’t ever expect to see that money again. Something has got to change.” While the… Read More

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By MIKE NEMETH While Proposition 30 will slow the furious pace of budget cuts, California lawmakers won’t throw away the chopping block, a lawmaker projected earlier this month. Assemblyman Henry Perea, D-Fresno, said the state will continue to rein in spending, albeit with less urgency. California voters approved Prop. 30 in November, raising the state’s sales tax by a quarter cent on the dollar. It also boosted income taxes for those earning more than a quarter-million dollars per year. “If it weren’t for the proposition passing, we’d be having a very different conversation this morning about the state of our… Read More

Tagged: Greater Fresno

By Heidi Palutke, Esq. CAA research counsel Owners have a new option for compliance with the 21-day deadline for accounting for a tenant’s security deposit. CAA-sponsored AB 1679, which took effect Jan. 1, allows an owner to provide the accounting by email and electronically return any remaining deposit into the renter’s bank account. Specifically, AB 1679, introduced by Assemblywoman Susan A. Bonilla, now provides that after either the owner or resident has given notice of termination, they may agree to have the owner: Deposit any remaining portion of the security deposit electronically to a bank account or other financial institution… Read More

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