| Post News Group
The author of the bill, Assemblymember Matt Haney, D-San Francisco, said that in San Francisco, tenants could be subject to paying an additional $15,000 to move into a $5,000-a-month apartment -- the average cost of a two-bedroom unit in the city. Those up-front fees are causing renters to take out predatory loans, go into debt or not move at all. "Landlords lose out on good tenants and tenants stay in apartments that are too crowded or have unsafe living conditions," Haney said in a press release. "Creating a rental deposit cap is a simple change that will have an enormous impa...
Source: postnewsgroup.com