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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

People Ex Rel. Smith v. Parkmerced Co., 198 Cal. App. 3d 683 (1988)

Citation
People Ex Rel. Smith v. Parkmerced Co., 198 Cal. App. 3d 683 (1988)
Parent Document
People Ex Rel. Smith v. Parkmerced Co., 198 Cal. App. 3d 683 (1988)
Jurisdiction
California (state)
Effective Date
1988-02-17

Other Sections in This Document (65)

Full Text

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The Assembly Office of Research, third reading analysis of Assembly Bill No. 94 (1977 Reg. Sess.) comments that the bill “amends the existing security deposit law so that it applies to payments or deposits made to secure execution of the lease as well as deposits made to secure performance. [¶] A deposit made to secure performance is one which is made to guarantee that the specific terms of the contract will be carried out once the tenant takes occupancy under the lease. On the other hand, a payment or deposit which is made to secure the execution of the contract is normally either an amount paid in advance as consideration for entering into the contract or a deposit which will be applied to the first month’s rent if the prospective tenant takes occupancy but which will be forfeited if he or she does not.” 3