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HB 1517-FN - AS INTRODUCED
2026 SESSION
26-2829
07/09
HOUSE BILL
1517-FN
AN ACT
relative to certain residential property interests controlled by certain entities.
SPONSORS: Rep. Lascelles, Hills. 14; Rep. R. Brown, Carr. 8; Rep. T. Dolan, Rock. 16; Rep. Lundgren, Rock. 16; Rep. McLean, Hills. 15; Rep. Ouellet, Coos 3; Rep. Rollins, Sull. 3
COMMITTEE: Housing
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ANALYSIS
This bill bans residential property developments from restricting land or rental sales based on certain considerations.
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Explanation: Matter added to current law appears in
bold italics.
Matter removed from current law appears [
in brackets and struckthrough.
]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
26-2829
07/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty-Six
AN ACT
relative to certain residential property interests controlled by certain entities.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Trade and Commerce; Fair Housing; Business Entity-Owned Residential Arrangements. Amend RSA 354-A by inserting after section 15 the following new section:
354-A:15-a Business Entity-Owned Residential Arrangements.
I. In this section:
(a) "Business entity" means a partnership, corporation, joint venture, limited liability company, or other business organization or business association, however organized.
(b) "Managing entity" means a business entity that owns residential property used in a residential arrangement.
(c) "Residential arrangement" means an arrangement in which the purchaser of an interest in a business entity is entitled to exclusive possession of residential property owned by the entity as long as the purchaser holds the interest in the business entity.
(d) "Residential property" means the real property and improvements for a single-family house, duplex, triplex, or quadruplex.
(e) "Timeshare plan" means any arrangement, plan, scheme, or similar method, excluding an exchange program, but including a membership agreement, sale, lease, deed, license, or right-to-use agreement, by which a purchaser, in exchange for consideration, receives an ownership right in or the right to use accommodations for a period of time less than a year during a given year, but not necessarily consecutive years.
II. This section shall not apply to any timeshare plan.
III.(a) An agreement for the purchase of an interest in a managing entity shall disclose to the purchaser that the agreement is for the purchase of an interest in the entity and not in any residential property itself.
(b) The purchase agreement and any other agreement or rules governing the residential arrangement or the ownership interest in the entity shall not require that a dispute concerning the arrangement or interest be brought before a tribunal other than a court established under the laws of this state or the United States.
IV. A managing entity shall not take an action with respect to an interest in the entity in a manner that would be a violation of RSA 354-A if the interest in the entity were an interest in real property, including:
(a) Restricting the transfer of the interest;
(b) Imposing requirements to maintain the interest; or
(c) Refusing to grant an interest to an otherwise qualified person.
V. Notwithstanding any provision in an agreement between the owner and a managing entity, an owner of an interest in a managing entity may transfer the interest without approval from the managing entity.
VI. A managing entity shall not charge a fee for or share in the proceeds of the transfer of an interest in the managing entity from an owner to a subsequent purchaser.
VII. A violation of this section shall constitute a deceptive trade practice under RSA 358-A.
2 Effective Date. This act shall take effect 60 days after its passage.
LBA
26-2829
11/3/25
HB 1517-FN- FISCAL NOTE
AS INTRODUCED
AN ACT
relative to certain residential property interests controlled by certain entities.
FISCAL IMPACT:
Estimated State Impact
FY 2026
FY 2027
FY 2028
FY 2029
Revenue
$0
$0
$0
$0
Revenue Fund
None
Expenditures*
Indeterminable
Funding Source
General Fund
Appropriations*
$0
$0
$0
$0
Funding Source
None
*Expenditure = Cost of bill *Appropriation = Authorized funding to cover cost of bill
Estimated Political Subdivision Impact
FY 2026
FY 2027
FY 2028
FY 2029
County Revenue
$0
$0
$0
$0
County Expenditures
Indeterminable
Local Revenue
$0
$0
$0
$0
Local Expenditures
Indeterminable
METHODOLOGY:
This bill adds, deletes, or modifies a criminal penalty, or changes statute to which there is a penalty for violation. Therefore, this bill may have an impact on the judicial and correctional systems, which could affect prosecution, incarceration, probation, and parole costs, for the state, as well as county and local governments. A summary of such costs can be found at:
https://gencourt.state.nh.us/lba/Budget/Fiscal_Notes/JudicialCorrectionalCosts.pdf
AGENCIES CONTACTED:
Judicial Branch, Judicial Council, Department of Justice, Department of Corrections, New Hampshire Association of Counties, and New Hampshire Municipal Association