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1 Tenancy; Security Deposits. Amend RSA 540-A:6, I(a) to read as follows:
I.(a) A landlord shall not demand or receive any security deposit in an amount or value in excess of one month's 2 months' rent or $100, whichever is greater. Nothing in this section shall prohibit a landlord from entering into a written lease that requires the quarterly or less frequent payment of rent; provided, however, that the security deposit received in addition to the initial rent payment may not exceed the equivalent of one month's 2 months' rent.
2 Effective Date. This act shall take effect 60 days after its passage.
Text to be added highlighted in green.
1 Tenancy; Security Deposits. Amend RSA 540-A:6, I(a) to read as follows:
I.(a) A landlord shall not demand or receive any security deposit in an amount or value in excess of 2 months' rent or $100, whichever is greater. Nothing in this section shall prohibit a landlord from entering into a written lease that requires the quarterly or less frequent payment of rent; provided, however, that the security deposit received in addition to the initial rent payment may not exceed the equivalent of 2 months' rent.
2 Effective Date. This act shall take effect 60 days after its passage.