Int 1423-2019
Limiting the fees charged in a rental real estate transaction.
IntroductionFiledCommittee on Housing and Buildingsintroduced 2019-02-13
Filed — closed without being enacted.
Official record · Legistar
Agenda: 2019-02-13Passed: 2021-12-31
Summary
This bill would limit the fees that individuals can collect in a rental real estate transaction. Individuals would be prevented from collecting fees from prospective tenants that are above the value of one month’s rent.
Committee on Housing and Buildings — Department of Housing Preservation and Development, Department of Buildings and rent regulation.
How it compares
30% of similar bills passed
15 passed · 35 died
This bill: 1052 days in committee
Similar bills: median 583 days · 80 days when passed
Compared against 50 Introduction bills in Committee on Housing and Buildings.
Ranked by how closely each matches this bill's topic — closest first:
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Int 1499-2019
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997dFiled
Int 1976-2020
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6dEnacted
Int 0130-2004
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695dFiled
+ 44 more comparable bills
Sponsors (19)
Public Advocate Jumaane Williams
Lifecycle
IntroducedIntroduced by Council
2019-02-13 · City Council
ActionReferred to Comm by Council
2019-02-13 · City Council
HeardHearing Held by Committee
2019-06-27 · Committee on Housing and Buildings
ActionAmendment Proposed by Comm
2019-06-27 · Committee on Housing and Buildings
HeldLaid Over by Committee
2019-06-27 · Committee on Housing and Buildings
ClosedFiled (End of Session)
2021-12-31 · City Council
Heard at (3)
Committee on Housing and Buildings · 2019-06-27 · 1:00 PM · Council Chambers - City Hall
Committee on Housing and Buildings · 2019-06-11 · 10:00 AM · Council Chambers - City Hall
City Council · 2019-02-13 · 1:30 PM · Council Chambers - City Hall
Attachments (10)
- Summary of Int. No. 1423-A
- Summary of Int. No. 1423
- Int. No. 1423
- February 13, 2019 - Stated Meeting Agenda with Links to Files
- Hearing Transcript - Stated Meeting 2-13-19
- Minutes of the Stated Meeting - February 13, 2019
- Committee Report 6/27/19
- Hearing Testimony 6/27/19
- Hearing Transcript 6/27/19
- Proposed Int. No. 1423-A - 4/28/21
Full text
Be it enacted by the Council as follows:
Section 1. Title 26 of the administrative code of the city of New York is amended by adding new chapter 26 to read as follows:
CHAPTER 26
FEES ASSOCIATED WITH REAL ESTATE TRANSACTIONS
� 26-2601 Definitions.
� 26-2602 Fees in rental real estate transactions.
� 26-2601 Definitions. As used in this subchapter, the term "rental real estate transaction" means a residential real estate transaction involving the rental of real property.
� 26-2602 Fees in rental real estate transactions. a. It shall be unlawful for any individual or individuals to collect fees in connection with a rental real estate transaction from a tenant or prospective tenant which, in the aggregate, exceed the value of one month of rent of the property in such transaction, where such individual is a representative or an agent of the owner of such property. Nothing in this chapter shall limit the total fees any such individual or individuals can collect in any rental real estate transaction.
b. Subdivision a shall not apply to the collection of fees by the owner or landlord of a residential rental property.
� 2. This local law takes effect 60 days after it becomes law, and shall only apply to rental real estate transactions entered into on or after the effective date of this law.
SIL/AS
LS #7080
05/29/2019 2:37 PM
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