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FL S1810
Bill
AI Summary
- Business entities that already hold an interest in more than 1,000 single-family residential properties would be prohibited from purchasing or acquiring additional single-family homes and subsequently leasing or renting them
- "Business entity" is broadly defined to include corporations, LLCs, partnerships, REITs, and other legal entities, but explicitly excludes nonprofit organizations and entities primarily engaged in new residential construction
- The Attorney General may bring a civil action for violations, with a mandatory civil penalty of $100,000 per violation, forced sale of the property to an independent third party within one year, and reasonable attorney fees and costs
- Sellers of single-family residential property to a business entity are shielded from liability for any violation of the law by the purchasing entity
- The bill would take effect July 1, 2025
Legislative Description
Ownership of Single-family Residential Property by Business Entities
Last Action
Died in Commerce and Tourism
6/16/2025
Full Bill Text
No bill text available