The proposed legislation, General Assembly Raised Bill No. 6891, aims to limit the amount of security deposit that landlords can require from tenants to no more than one month's rent. The bill amends section 47a-21 of the general statutes, specifically repealing subsections (a) and (b) and replacing them with new definitions and stipulations regarding security deposits. Notably, the bill eliminates the previous allowance for landlords to demand a security deposit of up to two months' rent for tenants under sixty-two years of age, and it standardizes the maximum security deposit to one month's rent for all tenants, regardless of age.

Additionally, the bill mandates that any landlord who has collected a security deposit exceeding one month's rent must return the excess amount upon the tenant's request. This change is intended to provide greater financial protection for tenants and ensure that security deposit practices are fair and consistent across the board. The new provisions will take effect on July 1, 2025, as outlined in the bill.