Requiring certain disclosures to be made to prospective tenants and providing restrictions on fees for the late payment of rent under the residential landlord and tenant act.

Summary

The bill caps late‑payment fees at 5% of monthly rent, requires a five‑day grace period before charging, and obligates landlords to provide written estimates of rent, other fixed costs, unit availability, and screening criteria to anyone applying. It also allows tenants or applicants to cancel a lease without penalty if the landlord breaks these rules, and forces the landlord to refund all payments and pay a penalty equal to the total amount paid. The measure aims to increase transparency and protect renters.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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