Bill

Bill > H1057


MA H1057

Relative to rent escrow


summary

Introduced
02/16/2023
In Committee
02/16/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

For legislation to further regulate rent escrow. Financial Services.

AI Summary

This bill aims to further regulate rent escrow in Massachusetts. It amends the state's banking and landlord-tenant laws to establish a new type of bank account that can only be accessed by the tenant and landlord together, or by court order. This account is designed to hold rent payments that a tenant withholds due to poor living conditions, as allowed under existing law. The bill also clarifies the requirements for a tenant to be able to withhold rent in these circumstances, such as providing proper notice to the landlord and depositing the withheld rent into the new escrow account. Overall, the bill seeks to provide more structure and oversight around the rent escrow process in Massachusetts.

Committee Categories

Business and Industry

Sponsors (8)

Last Action

Accompanied a study order, see H4705 (on 06/03/2024)

bill text


bill summary

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bill summary

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bill summary

Document Type Source Location
State Bill Page https://malegislature.gov/Bills/193/H1057
BillText https://malegislature.gov/Bills/193/H1057.pdf
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