Plain English Breakdown
The official summary confirms the repeal of conflicting laws but does not specify which ones or how they are defined.
HB687: New Rules for Security Deposits and Lease Fees
This bill requires landlords to give tenants a list of existing damage and an itemized breakdown of all lease fees before the tenant pays a security deposit.
What This Bill Does
- Requires that, before paying a security deposit, a tenant receives a comprehensive list of any existing damage to the rental property.
- Mandates that landlords provide an itemization of all fees associated with the tenant's lease agreement prior to collecting the deposit.
- Amends Article 2 of Chapter 7 of Title 44 of the Official Code of Georgia Annotated regarding security deposits.
Who It Names or Affects
- Landlords who collect security deposits
- Tenants paying security deposits
Terms To Know
- Security deposit
- Money a tenant pays to the landlord before moving in, held as protection against unpaid rent or damage.
- Itemization of fees
- A detailed list that breaks down each specific charge included in the lease agreement.
Limits and Unknowns
- The official text does not state a specific date when this law will take effect.
- It is unclear from the provided summary whether these rules apply only to new leases or also to existing ones.
- The bill mentions providing for related matters and repealing conflicting laws but does not detail what those other changes are.