An Act to guarantee a tenant’s first right of refusal
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill would give tenants the first opportunity to purchase a property if the landlord decides to sell. If the tenant declines the offer, the landlord would then be required to offer the property to other potential buyers. This legislation aims to provide greater stability and control for renters regarding the possibility of homeownership. It builds upon previous attempts to establish similar tenant rights.
Key provisions
- Tenants would have the first right to refuse a sale offer from the landlord.
- If the tenant declines, the landlord must offer the property to other potential buyers.
- The bill applies to residential properties.
- Landlords must provide tenants with a written notice of intent to sell.
- The tenant has a specific timeframe to respond to the sale offer.
Who is affected
- Tenants
- Landlords
- Housing Market Participants
Notable changes
- Establishes a ‘first right of refusal’ for tenants.
- Expands upon existing tenant protections regarding property sales.
Bill text
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Sponsors
Official sponsors from legislative records.
16 on record
Primary sponsor
Patricia D. Jehlen
Cosponsors
James B. Eldridge
James K. Hawkins
Arguments
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