The bill aims to revise laws concerning residential tenants' security deposits by allowing landlords to provide notices via email and return security deposits electronically. Key amendments include the ability for landlords to send cleaning and damage notices to tenants through electronic mail, with the notice considered complete upon receipt of a read receipt or a non-automated reply. Additionally, if a tenant fails to notify the landlord of their intent to vacate, the landlord can deduct cleaning charges from the deposit without prior notice.

Furthermore, the bill stipulates that landlords must provide departing tenants with a written list of any charges and return the security deposit within 30 days of tenancy termination, either by electronic fund transfer or by mailing it to the tenant's last-known address. It also clarifies that landlords are not liable for wrongful withholding of security deposit funds if they mail the funds to the last-known address and the tenant does not receive them due to not providing a new address. The bill includes provisions for electronic communication and fund transfers to streamline the process for both landlords and tenants.

Statutes affected:
LC Text: 70-25-201, 70-25-202, 70-25-205