I understand that new regulations prohibit landlords from requesting more than one month's rent for a security deposit. I also believe this does not apply to leases signed before the law was passed.
My landlord has two months security deposit. I just signed a renewal, and they kept my two-month deposit. Does anyone know if they are allowed to do that? Or does the renewal count as a new contract, under which they can only keep one months rent?
I have looked at the statute and do not believe this is addressed. Thank you.