Bill > SB395A

This bill addresses corporate investment in residential real property in Nevada by implementing significant restrictions and registration requirements. The legislation limits corporations, limited-liability companies, and their affiliates to purchasing no more than 1,000 residential property units in the state per calendar year, with exceptions for intracorporate transfers and newly constructed units. Corporations and limited-liability companies must register with the Secretary of State's Securities Division before purchasing residential property, and those owning less than 10 units are exempt from registration. When these entities purchase residential real property, the deed must include specific information about the corporate ownership and clearly state that the property is not the owner's primary residence. The county recorder is prohibited from recording such deeds unless they include the required corporate ownership information and a registration certificate from the Secretary of State. The bill also appropriates funds to the Office of the Secretary of State to implement these new requirements, with $476,004 allocated for the 2023-2024 fiscal year and $81,705 for the 2024-2025 fiscal year. Notably, family trust companies and housing authorities are excluded from these regulations.

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/11944/Overview