Iowa HSB750 regulates business entity-owned residential arrangements, prohibiting discriminatory practices.

Iowa HSB750 amends the state code to regulate business entity-owned residential arrangements. The bill requires that agreements for the purchase of an interest in a managing entity disclose that the agreement is for the purchase of an interest in the business entity and not for the purchase of any residential property. It prohibits purchase agreements, operating agreements, bylaws, rules, or other governing documents from requiring that disputes be resolved in a forum other than a court established under state or federal law.

Iowa HSB750 regulates business entity-owned residential arrangements, prohibiting discriminatory practices.

Iowa HSB750 amends the state code to regulate business entity-owned residential arrangements. The bill requires that agreements for the purchase of an interest in a managing entity disclose that the agreement is for the purchase of an interest in the business entity and not for the purchase of any residential property. It prohibits purchase agreements, operating agreements, bylaws, rules, or other governing documents from requiring that disputes be resolved in a forum other than a court established under state or federal law.