Relating to termination of tenancy due to sale of dwelling unit; prescribing an effective date.
Catchline/Summary:
Reduces from 90 to 45 days the termination notice period that a landlord must give the tenant when selling the dwelling unit to buyers who intend to reside in the unit. Digest: This Act reduces the time a landlord must give a tenant to move when selling the rented home to a buyer who will move in. (Flesch Readability Score: 76.5).
Reduces from 90 to 45 days the termination notice period that a landlord must give the tenant when selling the dwelling unit to buyers who intend to reside in the unit. Eliminates the requirement that the unit be sold separately from any other dwelling unit.
Takes effect on the 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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SB 586 Senate Committee On Housing and Development
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