Real Property - As introduced, requires corporations, limited liability companies, limited partnerships, and limited liability partnerships that purchase or acquire residential rental property in this state to register the property with the secretary of state. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 13; Title 47; Title 48; Title 61 and Title 66.

Summary

Starting January 1, 2027, corporations, LLCs, LPs and LLPs that buy or acquire residential rental units in Tennessee must file a registration with the secretary of state. The filing must occur within the later of 60 days after Jan 1, 2027 or 60 days after the acquisition date, and includes basic property and owner information. Failure to register can result in a civil penalty of up to $2,000 per violation.

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

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