Rhode Island S2617 allows tenants to pay the last month's rent or any prepaid rent and increases the security deposit limit to two months of rent.

Rhode Island S2617 amends the Residential Landlord and Tenant Act to allow tenants to pay the last month's rent or any other prepaid rent. It also increases the amount that a security deposit can be requested from one to two months of rent. This change applies to all rental agreements unless the tenant or unit receives state or federal subsidies requiring a different lease format. The act takes effect upon passage.

Rhode Island S2617 allows tenants to pay the last month's rent or any prepaid rent and increases the security deposit limit to two months of rent.

Rhode Island S2617 amends the Residential Landlord and Tenant Act to allow tenants to pay the last month's rent or any other prepaid rent. It also increases the amount that a security deposit can be requested from one to two months of rent. This change applies to all rental agreements unless the tenant or unit receives state or federal subsidies requiring a different lease format. The act takes effect upon passage.