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GA SB494

Bill

Official Source

Status

Introduced

3/16/2010

Primary Sponsor

Bill Hamrick

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Origin

Senate

2009-2010 Regular Session

AI Summary

  • Prohibits deed restrictions or covenants running with the land that require a transferee of residential real property (or their heirs, successors, or assigns) to pay a fee to a declarant, covenant imposer, or designated third party in connection with a future transfer of the property
  • Declares any deed restriction, covenant, or lien that violates this prohibition to be void and unenforceable
  • Defines "conveyance of real property" broadly to include any conveyance or transfer of an interest or estate in residential real property
  • Exempts fees payable to property owners' associations (for subdivisions with more than one platted lot), 501(c)(3) nonprofit organizations, or governmental entities
  • Amends Article 4 of Chapter 6 of Title 44 of the Official Code of Georgia Annotated by adding new Code Section 44-6-69; sponsored by Senators Hamrick of the 30th and Moody of the 56th

Legislative Description

Estates; prohibit fee for a future conveyance of residential real property; definition

Last Action

Senate Read and Referred

3/16/2010

Committee Referrals

Judiciary3/16/2010

Full Bill Text

No bill text available