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A02240 Text:

                STATE OF NEW YORK
                               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.
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