BILL NO A02240
SAME AS No same as
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.
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
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.
S T A T E O F N E W Y O R K
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.