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Security Deposits Rental Property

Lasher Holzapfel Sperry & Ebberson PLLC

Changes to Commercial Guarantees in Seattle

Landlords that lease commercial property in Seattle need to be aware of major changes to the Municipal Code. Seattle recently enacted Ordinance 126982, which introduces significant regulations for commercial property lessors...more

Brownstein Hyatt Farber Schreck

CA Security Deposit Limits Effective 7/1

Effective July 1, 2024, California residential landlords will generally only be able to charge security deposits equal to one month’s rent with some exceptions for smaller landlords. This is pursuant to Assembly Bill 12...more

K&L Gates LLP

New Illinois Laws for 2024 Affecting Real Estate

K&L Gates LLP on

Illinois has passed a number of laws effective 1 January 2024 that impact commercial real estate and development. These new laws range from new requirements for residential landlords, first of its kind electric vehicle...more

Sheppard Mullin Richter & Hampton LLP

[Webinar] So You Want to Be a Landlord? Rise in Residential Housing Class Actions - September 14th, 10:00 am - 11:00 am PT

This presentation will cover the recent spate of class actions being filed against landlords and property managers relating to tenant protection statutes, which include challenges to rent increases, late fees in residential...more

Dunlap Bennett & Ludwig PLLC

Notice Landlords – New Changes Coming To Virginia Law

The Virginia Residential Landlord Tenant Act governs the relationship between landlords and tenants in Virginia, whether large or small, formal or informal, between a tenant and a large apartment complex, or between two...more

A&O Shearman

Tenant Security Deposit or Unsecured Loan? State Law Disparity Leads to Forfeiture

A&O Shearman on

Last month, Judge Caproni of the Southern District of New York issued a ruling stating that if a commercial lease does not require a landlord to hold a security deposit in trust and if there is no state statute generally...more

Kramer Levin Naftalis & Frankel LLP

Tenants Beware: When Your Deposit Lacks Security

Security deposits are a fundamental landlord protection under leases with the expectation of tenants that the deposits will be returned upon the expiration of the lease. While landlords frequently consider how to protect...more

Cozen O'Connor

Coops Now Exempt from the 2019 Housing Stability and Tenant Protection Act

Cozen O'Connor on

On December 22, 2021, Governor Hochul signed into law legislation that exempts most private cooperatives (coops) from the 2019 Housing Stability and Tenant Protection Act (HSPTA). In our September 5, 2019 Alert, we...more

Lowenstein Sandler LLP

Residential Evictions: What Tenants Need To Know - April 2021

Lowenstein Sandler LLP on

LOCKOUTS- Can I be locked out of my home during the COVID-19 emergency? No. Two different government orders prevent lockouts at this time. 1.The State Order On March 19, 2020, New Jersey Governor Philip Murphy issued...more

Lowenstein Sandler LLP

Residential Evictions: What Tenants Need To Know - UPDATED March 2021 #2

LOCKOUTS- Can I be locked out of my home during the COVID-19 emergency? No. Two different government orders prevent lockouts at this time. 1. The State Order- On March 19, 2020, New Jersey Governor Philip...more

Lowenstein Sandler LLP

Residential Evictions: What Tenants Need To Know (Spanish) - March 2021

Lowenstein Sandler LLP on

CIERRES PATRONALES- ¿Puedo ser excluido de mi casa durante la emergencia COVID-19? No. Dos órdenes gubernamentales diferentes impiden los cierres patronales en este momento. 1. La Orden del Estado- El 19 de marzo...more

Lowenstein Sandler LLP

Residential Evictions: What Tenants Need To Know - UPDATED January 2020 # 2

Lowenstein Sandler LLP on

DESALOJOS RESIDENCIALES: LO QUE LOS INQUILINOS NECESITAN SABER- A partir del 22 de enero de 2021 CIERRES PATRONALES- ¿Puedo ser excluido de mi casa durante la emergencia COVID-19? No. Dos órdenes...more

Lowenstein Sandler LLP

Residential Evictions: What Tenants Need To Know - UPDATED December 2020 #2

Lowenstein Sandler LLP on

LOCKOUTS- Can I be locked out of my home during the COVID-19 emergency? No. Two different government orders prevent lockouts at this time. The State Order- On March 19, 2020, New Jersey Governor Philip Murphy...more

Lowenstein Sandler LLP

Residential Evictions: What Tenants Need to Know (Spanish) -UPDATED December 2020 #2

Lowenstein Sandler LLP on

PATRONAL CLOSURES- Can I be excluded from my home during the COVID-19 emergency? No. Two different government orders prevent lockouts at this time. 1. The Order of the State- On March 19, 2020, New Jersey Governor...more

Lowenstein Sandler LLP

Residential Evictions: What Tenants Need To Know - UPDATED December 2020

Lowenstein Sandler LLP on

LOCKOUTS- Can I be locked out of my home during the COVID-19 emergency? No. Two different government orders prevent lockouts at this time. The State Order- On March 19, 2020, New Jersey Governor Philip Murphy...more

Lowenstein Sandler LLP

Residential Evictions: What Tenants Need to Know (Spanish) - UPDATED December 2020

Lowenstein Sandler LLP on

RESIDENTIAL EVICTIONS: WHAT TENANTS NEED TO KNOW- As of December 3, 2020- PATRONAL CLOSURES- Can I be excluded from my home during the COVID-19 emergency? No. Two different government orders prevent lockouts at...more

Rosenberg Martin Greenberg LLP

Retail Leasing in a COVID-19/Post-COVID-19 World: Preparing for the “New Normal”

The retail industry has experienced an unprecedented and immediate shift as a result of the economic fallout from COVID-19. One of the most apparent changes is evident when handling commercial retail leasing; read on to...more

Lowenstein Sandler LLP

Residential Evictions: What Tenants Need to Know

Lowenstein Sandler LLP on

LOCKOUTS Can I be locked out of my home during the COVID-19 emergency? No. On March 19, 2020, New Jersey Governor Philip Murphy issued Executive Order 106, which immediately suspends evictions throughout the state. This...more

Cozen O'Connor

Landlords in California Must Prepare to Address COVID-19 Based Rent and Eviction Moratoria

Cozen O'Connor on

As landlords in California experience yet another month of rent deferrals allowed under COVID-19 based rent and eviction moratoria, landlords must ensure they are familiar with the varying requirements of applicable moratoria...more

Troutman Pepper

NY Executive Order Provides Relief for Tenants and Property Owners Impacted by COVID-19

Troutman Pepper on

On May 7, 2020, New York Gov. Andrew Cuomo enacted Executive Order No. 202.28, which extended and expanded — but in some cases narrowed — the temporary suspension of several New York state laws due to the COVID-19 crisis. The...more

Cadwalader, Wickersham & Taft LLP

COVID-19 Update: Governor Cuomo Extends Eviction and Foreclosure Moratorium and Allows Tenants to Apply Security Deposits to the...

On May 7, 2020, New York State Governor Andrew Cuomo issued Executive Order 202.28 (the “New Order”) to provide additional relief to renters impacted by the COVID-19 pandemic and extended the time periods for certain other...more

Goulston & Storrs PC

New York Extends Moratorium on Late Fees, Evictions, Foreclosures and NY On Pause Order; Allows Security Deposit Rent Payments

Goulston & Storrs PC on

Through two recently-issued Executive Orders, New York temporarily prohibited fees for late rent payments, suspended evictions and foreclosures, allowed security deposits to be used for rent payments, and extended...more

Troutman Pepper

NJ Allows Expanded Use Of Security Deposits For Rent Payments During Pandemic

Troutman Pepper on

The COVID-19 pandemic has imposed widespread financial hardships on all sectors of the New Jersey economy. One area particularly impacted is residential rental arrangements and the ability of tenants to continue with their...more

Greenbaum, Rowe, Smith & Davis LLP

Governor Murphy Signs Executive Order Allowing Tenants to Use Security Deposit to Pay Rent

On April 24, 2020, New Jersey Governor Phil Murphy signed Executive Order 128, which established new measures aimed at assisting tenants with paying their rent during the COVID-19 pandemic....more

Pillsbury Winthrop Shaw Pittman LLP

California Commercial Tenant Security Deposits in a COVID-19 World

In the wake of government-ordered moratoriums on commercial tenant evictions, how does a California commercial tenant’s security deposit come into play as an available landlord remedy for a lease default? Commercial lease...more

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