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 House
- Passed Senate
- To Governor
- Became Law
Overview
This bill would establish a ‘first right of refusal’ for tenants in Massachusetts. If a landlord decides to sell or transfer a rental property, the current tenant would have the opportunity to purchase the property before it’s offered to outside buyers. This aims to provide greater stability and security for renters, potentially preventing displacement due to property sales.
Key provisions
- Tenants would have the first opportunity to purchase a property being sold by their landlord.
- The landlord must offer the property to the tenant at the same price and terms as offered by a third-party buyer.
- It applies to both residential and commercial leases.
- Landlords can still sell or transfer the property if the tenant declines the offer.
Who is affected
- Tenants
- Landlords
- Real estate developers
- Housing market participants
- Massachusetts residents
Notable changes
- Currently, tenants typically have no legal right to purchase a property when their landlord decides to sell.
- This bill creates a new legal mechanism to protect tenants' interests.
- It is similar to existing legislation regarding commercial tenants' rights.
Bill text
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Sponsors
Official sponsors from legislative records.
36 on record
Primary sponsor
Cosponsors
Amy Mah Sangiolo
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