Tennessee HB0298 aims to address housing market manipulation by business entities acquiring single-family homes for rental.
Tennessee HB0298 amends Tennessee Code to tackle housing market manipulation by business entities acquiring single-family homes for rental. It defines terms like "affiliate" and "single-family home," and makes it unlawful for entities to acquire homes in violation. The attorney general and individuals can bring civil actions against violators, with courts able to award compensatory, punitive damages, and civil penalties. The act takes effect upon becoming law and applies to contracts entered into thereafter.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.