CA ONLY: SECURITY DEPOSIT VS RENT CHARGES REPORT (AB-12)

The Security Deposit Vs Rent Charges Report is utilized to audit deposits on hand against monthly rent amounts for applicants and residents to remain compliant with AB-12.

To generate this report:

From the side menu, select Reports, and find CA Deposit Vs Rent Charges Report.

Complete the following filters:

• Property - enter your property.

• Rent Charge Codes - select all charge codes available

• Deposit Charge Codes - select all charge codes available

• Resident Status - select applicant, future, current, notice, and eviction

• Move In From - this is a field that will allow you to audit certain move in dates. If you wish to review all residents, simply leave this field blank. 

• Output Type - Select the format in which you would like to review the data.

Select Generate to run the report.

In an effort to ensure that this report is reviewed and interpreted correctly, please see definitions of each column in the report and what information you can expect to find in each.

The two fields in red are the columns you will use to review the monthly rent charges against the security deposit charges. 

Beginning 7/1/2024, we can not collect a deposit in an amount higher than one month's rent. 

The "Rent Charges Total Monthly" column should be reviewed against the "Total Security Deposits Charged to Resident" column. 

For deposits charged on or after 7/1/2024, we must ensure the deposit does not exceed the monthly rent amount. 

The Deposits-Rents column will highlight in red any accounts that have deposits higher than the monthly rent amount.

CM/ACMs should run weekly to review recent move-ins; and during Yardi close.

Tip! Use the "Move In From" filter to review recent move-ins for compliance.