Bill Text: NY A04644 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 4644

Introduced

Bill Title: 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; 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - referred to judiciary [A04644 Detail]

Download: New_York-2023-A04644-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          4644

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 21, 2023
                                       ___________

        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-j to read as follows:
     3    § 235-j. 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.
                                                                   LBD09411-01-3