Relates to a cap on security deposits for residential leases of one year or longer

This bill caps security deposits for residential leases of one year or longer at one month's rent. Landlords cannot charge more than this amount, and additional move-in fees (like pet fees or background checks) must be included within that limit - pet fees max at 25% of the total deposit, other fees at 10%. Most fees must be refundable to tenants, with pet-related fees only retained for cleaning or pet-caused damage after move-out. Violations carry civil fines up to 15% of the annual rent. The bill directly affects landlords and tenants in long-term residential leases.