Landlords routinely require a Security
Deposit to be posted
as a condition of the rental agreement. In California, for residential
tenancies, a Landlord may charge up to two times the monthly rent for
unfurnished and up to three times the rent for furnished rental units.
The
deposit is held until the Tenant moves out. The money is then supposed
to be refunded within 21 days of moving out, less deductions for rent
owing and charges for cleaning or repairing damages caused by excessive
wear and tear. The deposit generally transfers to successive owners.
A non-refundable deposit is not allowed. Thus, it is refundable no matter
what the contract says.