The City of Cincinnati recently passed an ordinance requiring many landlords to accept security deposit insurance as opposed to an actual cash security deposit.
You can read more about the ordinance and what it’s sponsors hope to accomplish here and here.
It is too early yet to know the full impacts such an ordinance will have upon landlords. But one thing is for sure, others cities will be watching so something similar could soon be coming to a city near you. This type of ordinance will have to be watched.
