Docket Room
SB 3762·IL·senate

TENANT OPPORTUNITY TO PURCHASE

In CommitteeFiled Feb 5, 2026
Sponsor: Mike Simmons (D)
Latest Action

Rule 3-9(a) / Re-referred to Assignments

Jun 1, 2026

Summary

The Tenant Opportunity to Purchase Act creates a statutory right for tenants or tenant associations to buy a residential rental property before it is sold to a third party. It applies to most rental buildings, requires owners to give advance notice of a sale, and sets timelines for tenants to match the offer. The measure aims to give renters a pathway to homeownership and preserve affordable housing.

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