Rhode Island H7130 allows tenants to pay an increased security deposit in monthly increments over twelve months.

Rhode Island H7130 amends the Residential Landlord and Tenant Act to allow tenants to pay an increased security deposit in monthly increments over a twelve-month period. This change aims to make the payment of increased security deposits more manageable for tenants. The bill also outlines procedures for landlords to notify tenants of the amount due and the conditions for recovering security deposits. The changes take effect upon passage.

Rhode Island H7130 allows tenants to pay an increased security deposit in monthly increments over twelve months.

Rhode Island H7130 amends the Residential Landlord and Tenant Act to allow tenants to pay an increased security deposit in monthly increments over a twelve-month period. This change aims to make the payment of increased security deposits more manageable for tenants. The bill also outlines procedures for landlords to notify tenants of the amount due and the conditions for recovering security deposits. The changes take effect upon passage.