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Senate Bill 5600 would include some significant changes to Residential Landlord Tenant Act. The potential changes would:
Change the pay rent or vacate notice from 3 days to 14.
Remove the option of a set term lease that expires at the end of term; a notice to vacate would always be required.
Require a 60-day notice for all rent increases.
Allow a tenant to cure any judgment for non-payment within five court days by paying the principal amount of the judgment. This would reinstate their tenancy.
Increase the penalty for a landlord deliberately including prohibited provisions in a rental agreement from $500 to one month’s rent or treble damages, whichever is greater.
Require landlords to provide estimates or invoices for charges for damages in deposit accountings.
THIS IS NOT THE COMPLETE LIST!!!
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Nothing found herein should be construed as an attempt to offer or render a legal opinion or otherwise engage in the practice of law. You should not rely solely on this information. We encourage our clients to work with a lawyer experienced in commercial and/or residential real estate matters as they can be complicated and confusing.
