Authorizing a landlord to offer the payment of a fee in lieu of a security deposit in a residential lease subject to certain requirements; requiring a landlord to purchase certain insurance coverage using a fee in lieu of a security deposit; establishing certain procedural requirements for a landlord and an insurer relating to certain insurance claims; authorizing a tenant to dispute certain claims by a landlord and providing that claims by a landlord or an insurer are void under certain circumstances; etc.

Statutes affected:
Text - First - Real Property - Residential Leases - Fee in Lieu of a Security Deposit: 8-203 Real Property, 8-203.2 Real Property