The proposal comes when rents rise, and apartments are forecast to develop into much more scarce in a city where two-thirds of the inhabitants are renters. Excessive safety deposits have even forced renters into smaller apartments or locations that are additional away from work or family, Sittenfeld said. Cranley and Sittenfeld believe a new regulation can be a win for renters, though some insurance firms additionally stand to gain. Any company providing security-deposit read more