Bill
Bill > HB403
GA HB403
Property; enhance protections for homeowners and tenants by revising or repealing certain provisions inhibiting housing stability
summary
Introduced
02/11/2025
02/11/2025
In Committee
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT To amend Title 44 of the Official Code of Georgia Annotated, relating to property, so as to enhance protections for homeowners and tenants by revising or repealing certain provisions inhibiting housing stability; to repeal certain provisions allowing for liens on condominiums and lots in relation to collection of property association fees and assessments; to make conforming changes related to certain liens; to void certain conveyances of single-family dwellings, including town homes, to real estate investment trusts; to repeal the prohibition on local governments regulating the amount of rent to be charged for privately owned, single-family or multiple-unit residential rental property; to prohibit certain nonjudicial foreclosures on mortgages on real estate; to provide for definitions; to provide for related matters; to provide for an effective date and applicability; to repeal conflicting laws; and for other purposes.
AI Summary
This bill proposes several significant changes to property and housing regulations in Georgia, aimed at enhancing protections for homeowners and tenants. It modifies existing laws regarding condominium and property owners' associations by altering how liens are applied and prioritized, removing some previous restrictions on lien recording and foreclosure procedures. The bill introduces a new provision that voids conveyances of single-family dwellings to real estate investment trusts (REITs) that own a substantial number of rental properties in the state, effectively limiting large-scale institutional property acquisition. It also eliminates previous restrictions on local governments regulating residential rental property rents, potentially allowing municipalities more flexibility in addressing housing affordability. Additionally, the bill provides new protections against foreclosure for specific vulnerable populations, such as individuals 65 years and older or those under guardianship, by prohibiting nonjudicial foreclosure sales against these groups. The legislation revises several technical aspects of property assessment, lien processes, and ownership transfer procedures, with the overall goal of providing more safeguards and transparency in real estate transactions and property management.
Committee Categories
Justice
Sponsors (6)
Eric Bell (D)*,
Viola Davis (D)*,
Spencer Frye (D)*,
L.C. Myles (D)*,
Phil Olaleye (D)*,
Sandra Scott (D)*,
Last Action
House Judiciary Civil (14:30:00 4/1/2025 132 CAP) (on 04/01/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.ga.gov/legislation/70205 |
| BillText | https://www.legis.ga.gov/api/legislation/document/20252026/232106 |
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