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2017 SESSION
SB 991 Residential rental property.
Introduced by: Rosalyn R. Dance | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Residential rental property. Removes a provision that allows a tenant to remain in a dwelling unit that has been foreclosed upon pursuant to the federal Protecting Tenants at Foreclosure Act because the Act expired on December 31, 2014, and is no longer in effect. The bill provides that the foreclosure of a residential rental property shall act as a termination of the rental agreement by the owner of such property. In such case, the tenant may remain in possession of such dwelling unit as a month-to-month tenant on the terms of the terminated rental agreement until the successor owner gives a notice of termination of such month-to-month tenancy. The bill also provides how rental payments may be made during the period of the month-to-month tenancy. In addition, the bill requires a current owner of rental property who has entered into a written property management agreement with a managing agent and who has subsequently entered into a purchase agreement with a new owner to give written notice to the managing agent requesting payment of security deposits to the current owner prior to settlement with the new owner. The bill requires the managing agent to transfer the security deposits to the current owner and provide written notice to each tenant that his security deposit has been transferred. This bill is identical to HB 1623.
FULL TEXT
- 01/03/17 Senate: Prefiled and ordered printed; offered 01/11/17 17101453D pdf
- 01/30/17 Senate: Committee substitute printed 17104908D-S1 pdf
- 02/22/17 Senate: Bill text as passed Senate and House (SB991ER) pdf
- 03/13/17 Governor: Acts of Assembly Chapter text (CHAP0402) pdf
HISTORY
- 01/03/17 Senate: Prefiled and ordered printed; offered 01/11/17 17101453D
- 01/03/17 Senate: Referred to Committee on General Laws and Technology
- 01/30/17 Senate: Reported from General Laws and Technology with substitute (14-Y 1-N)
- 01/30/17 Senate: Committee substitute printed 17104908D-S1
- 02/01/17 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/02/17 Senate: Read second time
- 02/02/17 Senate: Reading of substitute waived
- 02/02/17 Senate: Committee substitute agreed to 17104908D-S1
- 02/02/17 Senate: Engrossed by Senate - committee substitute SB991S1
- 02/03/17 Senate: Read third time and passed Senate (40-Y 0-N)
- 02/08/17 House: Placed on Calendar
- 02/08/17 House: Read first time
- 02/08/17 House: Referred to Committee on General Laws
- 02/14/17 House: Reported from General Laws (22-Y 0-N)
- 02/16/17 House: Read second time
- 02/17/17 House: Read third time
- 02/17/17 House: Passed House BLOCK VOTE (99-Y 0-N)
- 02/17/17 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/22/17 Senate: Enrolled
- 02/22/17 Senate: Bill text as passed Senate and House (SB991ER)
- 02/22/17 Senate: Signed by President
- 02/22/17 House: Signed by Speaker
- 02/23/17 Senate: Enrolled Bill Communicated to Governor on 2/23/17
- 02/23/17 Governor: Governor's Action Deadline Midnight, March 27, 2017
- 03/13/17 Governor: Approved by Governor-Chapter 402 (effective 7/1/17)
- 03/13/17 Governor: Acts of Assembly Chapter text (CHAP0402)