AN ACT CONCERNING THE AMOUNT A LANDLORD MAY REQUIRE FOR A SECURITY DEPOSIT.

SB 1265 limits security deposits for landlords based on tenant age: landlords may charge up to two months' rent for tenants under 62, but only one month's rent for tenants 62 or older. Landlords who collected more than one month's rent from tenants who later turn 62 must refund the excess upon request. The bill also requires landlords to return security deposits with accrued interest within 21 days after a tenancy ends, minus documented damages for unpaid rent or repairs. It directly affects residential landlords and tenants in Connecticut, particularly older renters.