Bill > HB1524

This bill modifies the Texas Property Code by adding two key definitions related to fair housing. First, it introduces the term "bona fide offer," which is defined as a good faith, legally binding offer made without deceitful motives, including both lump sum offers and earnest money deposits. Second, the bill amends the definition of "dwelling" by adding a requirement that such structures must have received a certificate of occupancy to be considered a legal dwelling. These changes are intended to provide more precise language and clarity in the Texas Fair Housing Act, potentially helping to prevent misunderstandings or disputes in real estate transactions by establishing clearer standards for what constitutes a legitimate offer and a habitable residential structure. The bill will take effect on September 1, 2025, giving stakeholders ample time to understand and prepare for the new definitions.

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https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB1524