California Civil Code Section 1950 7

Section 1950 7 of the california civil code provides that if a security deposit in a commercial lease exceeds the first and last month s rent and is used to cover only defaults in the payment of rent the portion of the deposit in excess of the amount equal to one month s rent shall be returned to the tenant within two weeks after the landlord receives possession of the premises with the remainder to be returned or accounted for within thirty days after the landlord receives possession.

California civil code section 1950 7. Section 1950 7 of the california civil code provides that if a security deposit in a commercial lease exceeds the first and last month s rent and is used to cover only defaults in the payment of rent the portion of the deposit in excess of the amount equal to one month s rent shall be returned to the tenant within two weeks after the landlord receives possession of the premises with the remainder to be returned or accounted for within thirty days after the landlord receives possession. The waiver shall only be effective if it is signed by the tenant at the same time or after a notice to terminate a tenancy under section 1946 or 1946 1 has been given a notice under section 1161 of the code of civil procedure has been given or no earlier than 60 calendar days prior to the expiration of a fixed term lease. California civil code section 1950 7 establishes that a commercial landlord may use a security deposit to remedy monetary defaults to repair damages to the property caused by a tenant and to clean the property following termination of a lease.

Ca civ code 1950 7 through 2012 leg sess a any payment or deposit of money the primary function of which is to secure the performance of a rental agreement for other than residential property or any part of the agreement other than a payment or deposit including an advance payment of rent made to secure the execution of a rental agreement shall be governed by the provisions of this section. A any payment or deposit of money the primary function of which is to secure the performance of a rental agreement for other than residential property or any part of the agreement other than a payment or deposit including an advance payment of rent made to secure the execution of a rental agreement shall be governed by the provisions of this section. 1950 7 a any payment or deposit of money the primary function of which is to secure the performance of a rental agreement for other than residential property or any part of the agreement other than a payment or deposit including an advance payment of rent made to secure the execution of a rental agreement shall be governed by the provisions of this section.

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