HB 832: RELATING TO REAL PROPERTY LEASES.
- Session Year: 2025-2026
- House: House
Current Status:
In Progress
(2025-01-23: Referred to CPC, JHA, referral sheet 3)
Introduced
First Committee Review
First Chamber
Second Committee Review
Second Chamber
Final Decking
Enacted
Version:
Prohibits the resetting of lease rents for long-term commercial leases above a level that is economic for the lessee's actual use of the property. Requires that a lessee whose long-term commercial lease has been terminated be compensated for the value of buildings, infrastructure, and businesses created by the lessee that will be retained by the lessor. Allows a lessee the right to purchase the property at fair market value.