Illinois General Assembly - Bill Status for HB5396

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Bill Status of HB5396 98th General Assembly

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Short Description: COMMERCIAL LEASES-COMMISSIONS

House Sponsors
Rep. Keith Farnham

Last Action

Date	Chamber	Action
12/3/2014	House	Session 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

Date	Chamber	Action
2/10/2014	House	Filed with the Clerk by Rep. Keith Farnham
2/11/2014	House	First Reading
2/11/2014	House	Referred to Rules Committee
3/6/2014	House	Assigned to Judiciary
3/28/2014	House	Rule 19(a) / Re-referred to Rules Committee
12/3/2014	House	Session Sine Die

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