Assembly Bill A3616

2021-2022 Legislative Session

Relates to a cap on security deposits for residential leases of one year or longer

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

multi-Sponsors

2021-A3616 (ACTIVE) - Details

Current Committee:
Assembly Judiciary
Law Section:
General Obligations Law
Laws Affected:
Amd §7-103, Gen Ob L
Versions Introduced in Other Legislative Sessions:
2019-2020: A5044
2023-2024: A871
2025-2026: A2023

2021-A3616 (ACTIVE) - Summary

Relates to a cap on security deposits for residential leases of at least one year to the equivalent of one-month's rent under the lease.

2021-A3616 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3616
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 28, 2021
                                ___________
 
 Introduced  by  M.  of  A. L. ROSENTHAL, SIMON, DE LA ROSA, JEAN-PIERRE,
   PICHARDO, J. RIVERA, COLTON,  GOTTFRIED,  CRUZ,  FRONTUS,  DARLING  --
   Multi-Sponsored  by  -- M. of A. MANKTELOW, McDONOUGH -- read once and
   referred to the Committee on Judiciary
 
 AN ACT to amend the general obligations law, in relation  to  a  cap  on
   security deposits for residential leases of one year or longer
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 7-103 of the general obligations law is amended  by
 adding a new subdivision 2-c to read as follows:
   2-C.  (A)  FOR ALL CONTRACTS UNDER THIS SECTION OF ONE YEAR OR LONGER,
 ANY DEPOSIT OR ADVANCE SHALL NOT EXCEED THE AMOUNT OF ONE  MONTH'S  RENT
 UNDER SUCH CONTRACT.
   (B)  ANY  ADDITIONAL MOVE-IN FEES, INCLUDING FEES FOR COMMON HOUSEHOLD
 PETS, BACKGROUND CHECKS OR CREDIT CHECKS, SHALL BE INCLUDED  WITHIN  THE
 DOLLAR  AMOUNT  REQUIRED  BY  PARAGRAPH (A) OF THIS SUBDIVISION.  IF THE
 LANDLORD REQUESTS A DEPOSIT FOR THE RESIDING OF A COMMON  HOUSEHOLD  PET
 FROM  THE  TENANT,  SUCH FEE SHALL NOT EXCEED TWENTY-FIVE PERCENT OF THE
 TOTAL DEPOSIT OR ADVANCE.  ANY OTHER MOVE-IN FEE SHALL  NOT  EXCEED  TEN
 PERCENT OF THE TOTAL DEPOSIT OR ADVANCE.
   (C) ALL FEES UNDER THIS SECTION, EXCEPT FEES FOR BACKGROUND CHECKS AND
 CREDIT CHECKS, SHALL BE REFUNDABLE TO THE TENANT. THE PORTION OF ANY FEE
 COLLECTED BY THE LANDLORD FOR A TENANT'S COMMON HOUSEHOLD PET SHALL ONLY
 BE RETAINED BY THE LANDLORD AFTER THE TENANT HAS VACATED THE PREMISES IF
 SUCH  MONEY IS USED FOR CLEANING OR TO REPAIR DAMAGES CAUSED DIRECTLY BY
 SUCH PET.
   (D) ANY PERSON WHO VIOLATES THE PROVISIONS OF THIS  SUBDIVISION  SHALL
 BE  PUNISHED BY A CIVIL FINE OF UP TO FIFTEEN PERCENT OF THE ANNUAL RENT
 UNDER SUCH CONTRACT.
   § 2. This act shall take effect on the sixtieth  day  after  it  shall
 have become a law.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.