New York S03845 prohibits landlords from charging tenants a fee for a dishonored rent check exceeding actual costs.

New York S03845 amends the real property law to prohibit landlords from charging tenants a fee for a dishonored rent check unless the fee was included in the initial lease. The fee cannot exceed the actual costs or fees incurred by the landlord for the return of the dishonored check. If the fee exceeds the actual costs, the landlord must provide evidence substantiating the equivalence between the fee and the actual costs. This provision does not apply to shareholders of cooperative housing corporations, but it does apply to tenants or subtenants of such shareholders.

New York S03845 prohibits landlords from charging tenants a fee for a dishonored rent check exceeding actual costs.

New York S03845 amends the real property law to prohibit landlords from charging tenants a fee for a dishonored rent check unless the fee was included in the initial lease. The fee cannot exceed the actual costs or fees incurred by the landlord for the return of the dishonored check. If the fee exceeds the actual costs, the landlord must provide evidence substantiating the equivalence between the fee and the actual costs. This provision does not apply to shareholders of cooperative housing corporations, but it does apply to tenants or subtenants of such shareholders.