NH HB1517

Requires purchase agreements for interests in business entity-owned residential arrangements to clearly disclose that purchasers are buying an entity interest, not the underlying real property itself

Prohibits managing entities from taking discriminatory actions regarding entity interests (such as restricting transfers, imposing maintenance requirements, or refusing to grant interests) that would violate fair housing laws if applied to real property

Allows owners of interests in managing entities to transfer their interests without requiring approval from the managing entity, regardless of any contrary agreement provisions

Prohibits managing entities from charging fees for or sharing in proceeds from the transfer of ownership interests between owners and subsequent purchasers

Classifies violations as deceptive trade practices under RSA 358-A, and requires all disputes to be resolved in New Hampshire or federal courts rather than alternative tribunals