relative to certain residential property interests controlled by certain entities.

Summary

The bill creates a new law that treats interests in a business that owns a single‑family home, duplex, triplex or quadruplex like direct property ownership. It bars the managing entity from restricting transfers, imposing extra requirements, refusing qualified buyers, or taking fees on the sale of those interests. The change aims to protect buyers and make such arrangements more transparent.

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

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