Bill

Bill > H1260


MA H1260

To guarantee a tenant’s first right of refusal


summary

Introduced
01/22/2019
In Committee
03/09/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to providing tenants the first opportunity to purchase certain property. Housing.

AI Summary

This bill establishes a municipal local option for a tenants' opportunity to purchase their housing accommodation. It requires owners to notify tenants of their intention to sell a property and offer them the first opportunity to purchase it. The bill outlines the process and timelines for tenants to submit an offer, negotiate the purchase, and complete the transaction. It also includes provisions for short-sales and foreclosures, and exempts certain types of properties from the requirements. The bill aims to provide tenants in eligible properties the first right to purchase their homes before the owner sells to a third party.

Committee Categories

Budget and Finance, Housing and Urban Affairs

Sponsors (29)

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 03/09/2020)

bill text


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