Tennessee HB1703 requires business entities to register residential rental properties with the state.
Tennessee HB1703 amends state law to require business entities, including corporations and limited liability companies, to register residential rental properties with the secretary of state. This applies to both domestic and foreign entities transacting business in Tennessee. The registration must include details such as the buyer's name, property addresses, and contact information for property management. Failure to register can result in a civil penalty of up to $2,000. The act aims to assist state and local governments in monitoring compliance with health, safety, and housing standards.
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- Core Provisions
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