Requiring landlords to offer to sell certain rental properties to the tenants of such properties before offering such properties for sale to the public.

Summary

The proposal forces owners to send tenants a written notice and let them submit a purchase offer before the property can be listed for sale. It sets strict timelines for offers, counteroffers, and when the tenant’s right ends. The goal is to give renters a chance to buy the homes they live in.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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