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
01/06/2016 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:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A2240
 
SPONSOR: Pretlow
  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 securi- ty 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 prem- ises 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 typi- cally 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:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          2240
 
                               2015-2016 Regular Sessions
 
                   IN ASSEMBLY
 
                                    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    § 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    § 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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