A02240 Summary:

BILL NO    A02240 

SAME AS    No same as 

SPONSOR    Pretlow

COSPNSR    

MLTSPNSR   

Add S235-h, RP L

Limits the amount of security deposit for residential rental premises which may
be charged to a senior citizen who has occupied the premises for five years or
more to the equivalent of one month's rent and entitles a person who has
attained the age of sixty-two to a refund of that portion of any security
deposit held by the landlord which exceeds one month's rent.
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A02240 Actions:

BILL NO    A02240 

01/15/2015 referred to judiciary
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A02240 Votes:

There are no votes for this bill in this legislative session.
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A02240 Memo:

BILL NUMBER:A2240

TITLE OF BILL:  An act to amend the real property law, in relation to
entitling senior citizens to a refund of the portion of a security
deposit exceeding one month's rent

PURPOSE: This proposal limits the amount of residential rental
security deposit which may be charged to senior citizens who have
occupied the same premises for five years, entitles a resident who
attains the age of sixty-two during the term of occupancy to receive a
refund of that portion of the security deposit in excess of one
month's rent.

SUMMARY OF PROVISIONS: Amends the real property law by adding a new
g235-g to provide that no landlord may charge more than the equivalent
of one month's rent as a security deposit for residential rental
premises occupied by any tenant who has attained the age of sixty-two
years or older and who has occupied the premises for five or more
years. Further provides that any tenant, upon attaining sixty-two
years of age during the term of occupancy, shall be entitled to a
refund of that portion of any security deposit held by the landlord in
excess of one month's rent.

JUSTIFICATION: This proposal is designed to provide a measure of
financial relief to senior citizens who are required to pay in excess
of one month's rent as a security deposit. Since senior citizens are
typically low-risk, dependable tenants, limiting the amount of
security they must pay, or providing a partial refund, will not expose
the landlord to any substantial loss.

LEGISLATIVE HISTORY:  A.585 2013-14 referred to judiciary A.2394
2011/2012 referred to judiciary A.4405 2009/2010 referred to judiciary
A.797 of 1997/98: reported - third reading of calendar A.1587 of
1995/96: reported to rules A.8369 of 1993/94.  S.7177/A.6138-1999-00-
Referred to Aging in Senate and Passed Assembly

FISCAL IMPLICATIONS:; None to the state.

EFFECTIVE DATE: This act shall take effect Immediately.
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A02240 Text:

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

                                         2240

                              2015-2016 Regular Sessions

                                 I N  A S S E M B L Y

                                   January 15, 2015
                                      ___________

       Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
         tee on Judiciary

       AN ACT to amend the real property law, in relation to  entitling  senior
         citizens  to  a  refund of the portion of a security deposit exceeding
         one month's rent

         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section  1.  The  real property law is amended by adding a new section
    2  235-h to read as follows:
    3    S 235-H. SENIOR CITIZENS SECURITY  DEPOSIT  REFUND.  NO  LANDLORD  MAY
    4  CHARGE MORE THAN THE EQUIVALENT OF ONE MONTH'S RENT AS A SECURITY DEPOS-
    5  IT  FOR  RESIDENTIAL  RENTAL  PREMISES  OCCUPIED  BY  ANY TENANT WHO HAS
    6  ATTAINED THE AGE OF SIXTY-TWO YEARS OR OLDER AND WHO HAS  OCCUPIED  SUCH
    7  RESIDENTIAL  RENTAL  PREMISES  FOR  FIVE  OR  MORE YEARS. UPON ATTAINING
    8  SIXTY-TWO YEARS OF AGE DURING THE TERM  OF  OCCUPANCY,  ANY  TENANT  WHO
    9  NOTIFIES  THE  LANDLORD SHALL BE ENTITLED TO A REFUND OF THAT PORTION OF
   10  ANY SECURITY DEPOSIT HELD BY THE LANDLORD IN EXCESS OF ONE MONTH'S RENT.
   11    S 2. This act shall take effect immediately.





        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05408-01-5
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