HB 2597
An Act amending the act of April 6, 1951 (P.L.69, No.20), known as The Landlord and Tenant Act of 1951, in creation of leases, statute of frauds and mortgaging of leaseholds, further providing for leases for not more than three years and for leases for more than three years and providing for notice of building credit through rent reporting program for residential leases; and providing for reporting rent payment information to consumer reporting agency program.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill amends the Pennsylvania Landlord and Tenant Act of 1951 to modernize lease creation, address statute of frauds, and establish a system for reporting rent payments to consumer reporting agencies. Specifically, it allows for leases of up to three years or longer, mandates notice of a rent reporting program for residential leases, and creates a process for tenants to opt-in to have their on-time rent payments reported to credit bureaus. The bill also establishes a framework for landlords to offer this program and outlines fees and requirements.
Key provisions
- Allows leases for terms of not more than three years or longer.
- Requires landlords to provide notice to tenants about a rent reporting program.
- Establishes an opt-in process for tenants to have their rent payment information reported to consumer reporting agencies.
- Specifies requirements for written leases for leases longer than three years.
- Creates a standard form for tenants to elect participation in the rent reporting program.
- Defines key terms related to the program, such as ‘eligible tenant’ and ‘positive rent payment.’
- Outlines fees that landlords may charge for participation in the program.
- Requires landlords to discontinue the program if they no longer meet the requirements of the act.
Who is affected
- Landlords
- Tenants
- Consumer Reporting Agencies
- Financial Institutions
- Housing Market Participants
Notable changes
Sponsors
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Primary sponsor
Cosponsors
Benjamin Sanchez
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