Runnymede Holdings, LLC v. Foster (2023)

Citation: Runnymede Holdings, LLC v. Foster (2023)
Parent Document: Runnymede Holdings, LLC v. Foster (2023)
Jurisdiction: California (state)
Effective Date: 2023-11-01
Original Source: https://www.courtlistener.com/opinion/9436573/runnymede-holdings-llc-v-foster/ ↗

Full Text

1,372 chars

3
         Civil Code section 1950.5 applies to security for a rental agreement for residential property that
is used as the dwelling of the tenant. (Civ. Code, § 1950.5, subd. (a).) “As used in this section,
‘security’ means any payment, fee, deposit, or charge, including, but not limited to, any payment, fee,
deposit, or charge, except as provided in Section 1950.6, that is imposed at the beginning of the tenancy
to be used to reimburse the landlord for costs associated with processing a new tenant or that is
imposed as an advance payment of rent, used or to be used for any purpose, including, but not limited
to, any of the following: [¶] (1) The compensation of a landlord for a tenant’s default in the payment of
rent. [¶] (2) The repair of damages to the premises, exclusive of ordinary wear and tear, caused by the
tenant or by a guest or licensee of the tenant. [¶] (3) The cleaning of the premises upon termination of
the tenancy necessary to return the unit to the same level of cleanliness it was in at the inception of the
tenancy . . . [¶] (4) To remedy future defaults by the tenant in any obligation under the rental agreement
to restore, replace, or return personal property or appurtenances, exclusive of ordinary wear and tear, if
the security deposit is authorized to be applied thereto by the rental agreement.” (Civ. Code, § 1950.5,
subd. (b).)

Other Sections in This Document (32)

Full Text