H306
An Act to guarantee a commercial tenant’s first right of refusal
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- Passed House
- Passed Senate
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Bill overview
This bill would give commercial tenants the first opportunity to purchase a property if the landlord decides to sell. If the tenant declines the offer, the landlord can then proceed with selling to another party. The goal is to provide commercial tenants with more control and potentially prevent unwanted changes to their business locations. This legislation focuses on ensuring fairness in commercial real estate transactions.
Key provisions
- Commercial tenants receive a ‘first right of refusal’ on properties offered for sale by their landlords.
- Landlords must notify tenants of their intention to sell a property.
- The tenant has a specific timeframe to decide whether to purchase the property.
- If the tenant declines, the landlord can sell to another buyer.
Who is affected
- Commercial tenants
- Commercial property landlords
- Small businesses
- Real estate developers
- Property owners
Sponsors
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Bill H.306 194th (Current)
An Act to guarantee a commercial tenant’s first right of refusal
By Representative Ramos of Springfield, a petition (accompanied by bill, House, No. 306) of Orlando Ramos relative to a municipal option commercial tenant first right of refusal. Community Development and Small Businesses.
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Bill Information
Bill Information
Presenter: Orlando Ramos
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Bill History Petitioners
Bill History
Displaying 5 actions for Bill H.306
| Date | Branch | Action |
| 2/27/2025 | House | Referred to the committee on Community Development and Small Businesses |
| 2/27/2025 | Senate | Senate concurred |
| 6/23/2025 | Joint | Hearing scheduled for 06/26/2025 from 10:00 AM-02:00 PM in A-1 |
| 6/25/2025 | Joint | Hearing rescheduled to 06/26/2025 from 10:00 AM-02:00 PM in B-1 |
| 2/12/2026 | House | Accompanied a study order, see H5064 |
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