The End Junk Fees for Renters Act aims to prohibit landlords from collecting certain fees from tenants.
The End Junk Fees for Renters Act seeks to prohibit owners of covered dwelling units from collecting application fees, tenant screening fees, and late fees from tenants. The Act also mandates that late fees, if imposed, must be less than 3% of the monthly rent and only after 15 days of late payment. Owners must disclose total monthly dues, past litigation, pest and maintenance issues, and rent increases over the past 10 years before signing a lease. The Bureau of Consumer Financial Protection and the Federal Trade Commission must define "junk fee" and issue rules within 180 days of enactment.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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