The proposed bill amends the Uniform Owner-Resident Relations Act to improve transparency and fairness in rental agreements. It mandates that property owners provide clear notice of all fees associated with renting a dwelling unit, including a cap on screening fees set at $50. Owners are required to return the screening fee under certain conditions, such as when a prior applicant is accepted or if the application is not processed. Additionally, the bill stipulates that owners must give written notice at least 60 days before any fee increases and limits late fees to 5% of the rent for each rental period in default.

Moreover, the bill enhances the rights of applicants and residents by allowing them to recover attorney fees and court costs if they prevail in disputes related to rental agreements. It establishes penalties for owners who impose unauthorized fees, categorizing such actions as unfair or deceptive trade practices under the Unfair Practices Act. The legislation also introduces new definitions and regulations regarding prohibited conduct in rental transactions, clarifying key terms and reinforcing that owners cannot charge fees not explicitly included in the rental agreement. These measures aim to protect renters from exploitation and ensure they are fully informed of their financial obligations.

Statutes affected:
introduced version: 47-8-3, 47-8-15, 47-8-48
JU substitute: 47-8-3, 47-8-15, 47-8-48, 57-12-2
Final Version: 47-8-3, 47-8-15, 47-8-48, 57-12-2