§ 8.52.056. Increase in security deposits during term of tenancy.

A.

Limitation of Increase for Security Deposit. If the rent is increased pursuant to this chapter during the term of the tenancy, and security as defined in California Civil Code Section 1950.5 on deposit with the landlord is less than one month's rent. the landlord may demand or accept an increase in the amount of the security; provided, however, that the amount so demanded or accepted shall not bring the security on deposit above the amount of the new monthly rent.

B.

Notification of tenants. the landlord who demands or accepts a security increase pursuant to subsection A of this section on or after February 28, 1982 shall inform the tenant in writing of the justification for this increase.

C.

Election to Pay in 10-percent Increments. Within 30 days after notification pursuant to subsection B of this section, an affected tenant may elect to pay such increase in increments of 10 percent of the increase per month over a period of 10 months.

(Ord. 82-0058 § 2, 1982.)