Bill > HB0151

This bill establishes new restrictions on the purchase of single-family homes in first-class counties in Utah, primarily aimed at prioritizing owner-occupancy. The bill defines numerous terms, including "single-family home" as a detached dwelling on its own parcel, and creates a 30-day waiting period after a home is listed during which only purchasers who intend to personally occupy the home can buy it. Specifically, purchasers must sign an "affidavit of intent to occupy," which commits them to living in the home as their primary residence for at least one year, and must record this affidavit with the county recorder within seven days of signing. Exceptions to the 30-day waiting period are allowed in two scenarios: if the seller has an "exigent circumstance" (a urgent financial need to sell quickly) or if the home is currently occupied by a renter at the time of purchase. The bill explicitly excludes certain entities from these restrictions, such as affordable housing nonprofit corporations, family trusts, and entities engaged in specific types of real estate exchanges. The provisions will take effect on May 7, 2025, and appear designed to slow down investor purchases and support individual homeownership in first-class counties.

Government Affairs

https://le.utah.gov/~2025/bills/static/HB0151.html