Bill > HB2654

This bill amends the Landlord and Tenant Act of 1951 to define "abandoned" residential rental property, "receiver" (a court-appointed third party that takes control of a residential rental property), and "receivership" (a legal remedy where residential rental property is placed into legal custody). It also adds new sections that: 1) Require lenders to investigate the need and purpose of a landlord's borrowing against the equity of a residential rental property, and to ensure the property remains habitable, safe, and sanitary. 2) Allow tenants to petition municipalities to investigate if a landlord has abandoned a residential rental property, with penalties for the landlord if abandoned. 3) Require receivers of residential rental properties in receivership to ensure the properties are habitable, safe, and sanitary, with penalties for non-compliance. The bill aims to protect tenants and maintain the habitability of residential rental properties, particularly when a landlord abandons the property or it goes into receivership.