Abolishes reverter and forfeiture provisions in Tennessee real property deeds, wills, and documents.

This bill amends Tennessee law to abolish reverter and forfeiture provisions in real property deeds, wills, and documents. It states that such provisions of unlimited duration are unreasonable restraints on alienation and contrary to state policy. The bill specifies that reverter and forfeiture provisions in conveyances executed after July 1, 2025, are invalid and unenforceable. For provisions executed before July 1, 2025, they become unenforceable after 75 years unless a sworn statement is filed. The bill takes effect July 1, 2025.

Abolishes reverter and forfeiture provisions in Tennessee real property deeds, wills, and documents.

This bill amends Tennessee law to abolish reverter and forfeiture provisions in real property deeds, wills, and documents. It states that such provisions of unlimited duration are unreasonable restraints on alienation and contrary to state policy. The bill specifies that reverter and forfeiture provisions in conveyances executed after July 1, 2025, are invalid and unenforceable. For provisions executed before July 1, 2025, they become unenforceable after 75 years unless a sworn statement is filed. The bill takes effect July 1, 2025.