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Am I living in another world?

My family owns a few residential units and I am currently looking after them.

Since there aren't a lot of units, so we usually manage it within ourselves for now and have leased them to mostly working professionals and students.

Just saw in another group probably in r/leaselords, that from July, 2024 LLs can't charge 2-3x of rent as deposits.

We've always charged just 1 month upfront. Are there some 'leech' of LLs who does this that led to such bill? Or was I living under the rocks?

submitted by /u/jonandoyle
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source https://www.reddit.com/r/RealEstate/comments/1aw8cp7/am_i_living_in_another_world/
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