Assembly Bill A2240

2015-2016 Legislative Session

Entitles senior citizens to a refund of any security deposit exceeding one month's rent

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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

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2015-A2240 (ACTIVE) - Details

Current Committee:
Assembly Judiciary
Law Section:
Real Property Law
Laws Affected:
Add §235-h, RP L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4405
2011-2012: A2394
2013-2014: A585
2017-2018: A2576
2019-2020: A1817
2021-2022: A1710
2023-2024: A4644

2015-A2240 (ACTIVE) - Summary

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.

2015-A2240 (ACTIVE) - Bill Text download pdf 

                            
                    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:

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