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<xml>
<title>Illinois General Assembly - Bill Status for HB 5396         </title>
<shortdesc>COMMERCIAL LEASES-COMMISSIONS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Keith Farnham</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><SynopsisText>     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.</SynopsisText></synopsis>
<actions>
<statusdate>2/10/2014</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Keith Farnham</action>
<statusdate>2/11/2014</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/11/2014</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>3/6/2014</statusdate><chamber>House</chamber><action>Assigned to Judiciary</action>
<statusdate>3/28/2014</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

