AN ACT RELATING TO PROPERTY -- RESIDENTIAL LANDLORD AND TENANT ACT

HB 5127 allows tenants to pay increased security deposits in monthly installments over 12 months if their landlord raises rent and the security deposit amount simultaneously. This directly affects tenants in rental properties where landlords increase both rent and security deposits. The bill amends the Residential Landlord and Tenant Act to permit this payment schedule, while maintaining the existing limit of one month's rent for security deposits. It does not change the maximum deposit amount or other existing tenant protections.