[RPPTL Leasing Committee] CS/HB 537 Fees in Lieu of Security Deposits [IWOV-Active.FID8106045]

[RPPTL Real Estate Leasing Committee]

It seems like a simple economic offer: if they place a security deposit, they have the benefit of a lower rent. I am not sure that calling it a 'fee' is a benefit.

Why not say that Landlord can charge more rent to a tenant who chooses not to put up a security deposit? It is like a higher interest rate for poor credit or a high LTV, or a higher car lease with no money down.

I almost think the use of the word 'fee' is misleading.

David  Weisman
Partner
Board Certified Real Estate Lawyer
Greenspoon Marder LLP
200 E. Broward Blvd., Suite 1800
Fort Lauderdale, FL 33301
Phone 954-491-1120 Ext. 1015
Direct Phone 954-343-6941

David.Weisman at gmlaw.com<mailto:David.Weisman at gmlaw.com>
www.GMlaw.com<http://www.gmlaw.com/>

[cid:image001.png at 01D719A9.38D8D1E0]

From: landten-bounces at lists.flabarrpptl.org <landten-bounces at lists.flabarrpptl.org> On Behalf Of RPPTL Real Estate Leasing Committee
Sent: Friday, January 28, 2022 12:18 PM
To: RPPTL Real Estate Leasing Committee <landten at lists.flabarrpptl.org>
Subject: [RPPTL Leasing Committee] CS/HB 537 Fees in Lieu of Security Deposits

Good afternoon everyone and happy Friday!

The attached bill was discussed during our weekly Legislative Committee Zoom meeting this morning. It appears that it currently has momentum for passage.   I recall that there was some discussion about this on the listserv and we have been asked whether the RP Leasing Committee would like to pursue technical advice for this bill.  This involves providing an outline written in plain English that identities the issues and proposed solutions. Please let me know if you're interested in participating in providing this technical advice.  Please note that any memo we draft may be forwarded to our lobbyists and legislative staff or legislators, so keep this in mind if you agree to assist.

https://www.flsenate.gov/Session/Bill/2022/537/?Tab=BillText [flsenate.gov]<https://urldefense.com/v3/__https:/www.flsenate.gov/Session/Bill/2022/537/?Tab=BillText__;!!K7bXOScpug!zvCMA_HkgboOUdFnccD-yvjrmGMovCb8eFnmFu9k3McvJH1R4w4m8OTv93M1vCQKwlQ$>

Summary:
Fees in Lieu of Security Deposits:  CS/HB 537 by Representative Mooney and CS/SB 884 by Senator Boyd are companion measures that authorized a landlord to offer a tenant option to pay a fee in lieu of a security deposit and provides implementing procedures regarding the options.  CS/HB 537 received 2 committee references and has been amended and approved by the first committee. CS/SB 884 also received 3 committee references and has been amended and approved by the first committee.

Thank you!

Brenda B. Ezell
[BCS]
[cid:image003.png at 01D81445.F2926910]
3560 Cardinal Point Drive, Suite 202
Jacksonville, FL 32257
904.432.3200 (o)
904-432-3201 (f)
www.ezellfirmpa.com [ezellfirmpa.com]<https://urldefense.com/v3/__http:/www.ezellfirmpa.com/__;!!K7bXOScpug!zvCMA_HkgboOUdFnccD-yvjrmGMovCb8eFnmFu9k3McvJH1R4w4m8OTv93M1uqqrD7Y$>

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