HB 4998

Creates the Standardized Protections for Residential Tenants Act. Prohibits a landlord, lessor, sub-lessor, or grantor from requiring a deposit or advance that exceeds the amount of one month's rent, unless the deposit or advance is for a seasonal use dwelling unit or unless the deposit or advance is for an owner-occupied cooperative apartment. Prohibits a landlord, lessor, sub-lessor, or grantor from charging an application fee that exceeds $20. Allows a fee for a background check or credit check of $20 or the actual cost, whichever is less. Exempts entrance fees charged licensed continuing care retirement communities, licensed assisted living providers, licensed adult care facilities, senior residential communities, or not-for-profit independent retirement communities that offer personal emergency response, housekeeping, transportation, and meals to their residents. Prohibits any payment, fee, or charge for the late payment of rent unless the payment of rent has not been made within 5 days of the date it was due, and the payment, fee, or charge does not exceed $50 or 5% of the monthly rent, whichever is less; provided a cooperative housing corporation shall be permitted to charge a tenant or lessee that is a dwelling unit owner or shareholder of such cooperative housing corporation a fee of up to 8% of the monthly maintenance fee for the late payment of the monthly maintenance fee if the proprietary lease or occupancy agreement provides for such a fee. Voids any agreement by a lessee or tenant of a dwelling waiving or modifying the rights in the Act. Authorizes the Attorney General to enforce the Act and adopt rules to implement and administer the Act. Provides that a violation of the Act is a violation of the Consumer Fraud and Deceptive Practices Act. Preempts home rule.