Bill Status of HB 5396   98th General Assembly

Short Description:  COMMERCIAL LEASES-COMMISSIONS

House Sponsors
Rep. Keith Farnham

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act

Synopsis As Introduced
Creates the Disclosure of Commissions for Commercial Leases Act. Provides that except for leases of less than one year or leases in which the total rent due per lease year is less than $10,000, a lessor of commercial property, prior to entering into a lease with a tenant, must disclose to the tenant, in writing, any and all commissions and fees being paid in connection with the lease transaction. Provides that a lessor who fails to provide the written disclosure is liable to the tenant in an amount equal to 3 times the amount of any non-disclosed commission or fee.

Actions 
DateChamber Action
  2/10/2014HouseFiled with the Clerk by Rep. Keith Farnham
  2/11/2014HouseFirst Reading
  2/11/2014HouseReferred to Rules Committee
  3/6/2014HouseAssigned to Judiciary
  3/28/2014HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

Back To Top