H0133: Fees in Lieu of Security Deposits

Legislative Summary

Authorizes landlord to offer tenant option to pay fee in lieu of security deposit; provides requirements relating to certain notices, filing of insurance claims, options for paying fee, & written agreements between landlord & tenant to pay fee in lieu of security deposit; prohibits landlord from accepting certain payments; specifies landlords have exclusive discretion whether to offer tenants such option; prohibits landlord from approving or denying application for occupancy based on prospective tenant's choice to pay fee in lieu of security deposit.