Bill

Bill > HB1501


TN HB1501

TN HB1501
AN ACT to amend Tennessee Code Annotated, Title 66, relative to residential landlord registries.


summary

Introduced
01/12/2026
In Committee
02/11/2026
Crossed Over
02/19/2026
Passed
Dead

Introduced Session

Potential new amendment
114th General Assembly

Bill Summary

As introduced, authorizes a municipality to create and require the use of a landlord registry for a real estate investment trust that owns, operates, or finances 10 or more dwelling units located within the municipality. - Amends TCA Title 66.

AI Summary

This bill allows a municipality, with a two-thirds vote of its governing body, to create a landlord registry for Real Estate Investment Trusts (REITs), which are entities that own, operate, or finance at least 10 dwelling units within that municipality. A REIT is defined as an entity that has made a specific tax election under federal law. If a municipality establishes this registry, REITs will be required to provide contact information for themselves or their agents, along with the addresses of all their dwelling units within the municipality, to the local agency responsible for enforcing building codes. This information must be submitted on a form provided by that agency, and no fee will be charged for filing. REITs must also report any changes in their contact information or ownership of the dwelling units within 30 days. Failure to register or report changes can result in a $50 weekly fine, but the REIT will have an opportunity to a hearing before any fine is assessed. This act is set to take effect on July 1, 2026.

Committee Categories

Government Affairs

Sponsors (8)

Last Action

Received from House, Passed on First Consideration (on 02/23/2026)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...