Bill

Bill > H1252


MA H1252

Relative to advance rent and security deposits


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to rent, landlords and security deposits. Housing.

AI Summary

This bill amends Section 15B of Chapter 186 of the Massachusetts General Laws to address rent, security deposits, and the rights of landlords and tenants. Key provisions include: requiring landlords to provide detailed receipts and interest statements when collecting rent in advance for the last month of a tenancy; requiring landlords to hold security deposits in separate, interest-bearing accounts and pay tenants the accrued interest annually or upon termination of the tenancy; and imposing penalties on landlords who fail to comply with the law, including forfeiting the right to retain any portion of a security deposit. The bill aims to protect tenants' rights and ensure transparency in rental transactions.

Committee Categories

Housing and Urban Affairs

Sponsors (6)

Last Action

Accompanied a study order, see H5108 (on 11/05/2020)

bill text


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