More flexibility in 2013: electronic security deposit refunds.

California Civil Code §1950.5

Amended by A.B. No. 2521

Effective date: January 1, 2013

A residential security deposit may be refunded to the tenant electronically by mutual agreement between the landlord and the tenant.

The itemized statement of deductions from the security deposit, with copies of receipts, may be delivered via e-mail.

To be valid, the landlord and tenant must agree to these terms after either of them has given notice to terminate the tenancy.