House Bill No. by Representative Boyd amends R.S. 9:3251(A) to modify the timeline for the return of security deposits by landlords or lessors to tenants or lessees of residential or dwelling premises. The bill allows for an extension of the return period, permitting landlords and tenants to agree in writing on a return date that does not exceed two months after the lease termination, rather than the previous requirement of one month. Additionally, if a landlord retains any portion of the deposit, they must provide an itemized statement detailing the retained amounts and reasons for retention within the same agreed timeframe.

The proposed changes aim to provide more flexibility for both landlords and tenants regarding the return of security deposits while ensuring that tenants are still informed about any deductions made from their deposits. The bill emphasizes the importance of written agreements between landlords and tenants to establish clear expectations for the return of deposits and the communication of any retained amounts.

Statutes affected:
HB292 Original: 9:3251(A)