Bill > SB00256

This bill establishes a seventy-five-day waiting period before a "private equity entity," defined as an individual or company that collects investments and purchases residential property, can offer to buy a single-family or two-family home, with certain exceptions for owner-occupied units or properties funded by government appropriations. This waiting period applies to homes listed for sale to the general public, and it restarts if the seller changes the asking price. Before finalizing a purchase, the private equity entity must provide the seller with written notice confirming their status as a private equity entity, acknowledging the seventy-five-day requirement, and attesting to compliance. Violations can result in civil penalties up to $250,000, and the Attorney General is empowered to pursue legal action.

Housing and Urban Affairs

Housing Committee (Joint)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00256&which_year=2026