Lease agreements; late charge. (SB993)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Lease agreements; late charge. Caps the amount of the late charge that a lessor may impose for the failure of the lessee to make timely payment of any periodic rent due under a lease of real property in the Commonwealth at five percent of the amount of the periodic rent due under the lease. The measure requires the late charge to be specified in the lease or rental agreement. A payment is timely if it is made within seven calendar days of the due date. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/03/2017 | Prefiled and ordered printed; offered 01/11/17 17103460D |
| 01/03/2017 | Referred to Committee on Commerce and Labor |
| 01/12/2017 | Impact statement from DPB (SB993) |
| 01/30/2017 | Passed by indefinitely in Commerce and Labor with letter (15-Y 0-N) (see vote tally) |