Prohibits landlords from charging tenants a fee for a dishonored rent check exceeding actual costs, if the fee was included in the lease.

New York Assembly Bill A00056 amends the real property law to prevent landlords from charging tenants a fee for a dishonored rent check that exceeds the actual costs or fees incurred by the landlord, provided the fee was included in the initial lease. If the fee exceeds the actual costs or fees, the landlord must provide evidence substantiating the equivalence between the fee and the actual costs. The provisions do not apply to shareholders of cooperative housing corporations but do apply to their tenants or subtenants.

Prohibits landlords from charging tenants a fee for a dishonored rent check exceeding actual costs, if the fee was included in the lease.

New York Assembly Bill A00056 amends the real property law to prevent landlords from charging tenants a fee for a dishonored rent check that exceeds the actual costs or fees incurred by the landlord, provided the fee was included in the initial lease. If the fee exceeds the actual costs or fees, the landlord must provide evidence substantiating the equivalence between the fee and the actual costs. The provisions do not apply to shareholders of cooperative housing corporations but do apply to their tenants or subtenants.