New Landlord-Tenant Bill Make Force Missouri Landlords To Use Property Managers-UPDATED Feb 3, 2017

UPDATE February 3, 2017 –

Representative Gary Cross has introduced HB 705 which would repeal this legislation.  Ironically, Rep Cross is the representative that first introduced the original legislation, HB 1862.  I’m guessing he has come to realize the problems this legislation has caused, which I believe were unintended consequences, and has chosen to fix the issue which I praise him for!

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This legislative session, the Missouri State Legislature passed HB. 1862, which modifies provisions relating to the existing landlord-tenant law in Missouri, specifically, it repeals sections 534.350, 534.360, 535.030, 535.110, 535.160 and 535.300 of the Revised Statutes of Missouri and replaces them with five new sections as described in the bill.  The bill has been delivered to Governor Nixon and, if signed by him, will go into effect August 28th of this year.

Why This New Law May Force Landlords (even licensed real estate agents) To Use Property Managers:

While this bill has some good things in it, such as establishing some reasonable procedures and time lines for a landlord regaining possession of a property as well as doing a little housekeeping with regard to what can be deducted from a security deposit, the bill also makes, what I believe to be, a very damaging change to the law with regard to security deposits.  With regard to security deposits held by landlords, the bill changes section 535.300 (2) to read (emphasis is mine):

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