HB2495 • 2026

Real Property

AN ACT to amend Tennessee Code Annotated, Title 66, relative to real property.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Farmer, Briggs
Last action: 2026-03-30
Official status: Comp. SB subst.
Effective date: Not listed

Plain English Breakdown

The official source material does not provide details on how the change will affect existing contracts or agreements made under the previous three-day rule.

Changing Notice Period for Real Property Sales

This bill changes the minimum notice period that buyers must give sellers when selling real property to five business days.

What This Bill Does

Changes the law about how long a buyer has to tell a seller about an upcoming sale of real property from three business days to five business days.

Who It Names or Affects

Buyers and sellers of real property who engage in wholesaling (selling contracts before closing).

Terms To Know

Transfer Fee Covenant: A clause that requires a fee to be paid when property is sold or transferred, but this bill makes an exception for certain club memberships related to the property.
Wholesaling: The practice of buying real estate and then selling it before closing to another buyer.

Limits and Unknowns

Does not specify what happens if a seller does not receive notice within five business days.
It is unclear how this change will affect existing contracts or agreements that were made under the previous three-day rule.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HA0743

Amendment 1-0 to HB2495

Plain English: The amendment adds new language to Tennessee Code Annotated, Section 66-37-102(4), to include provisions related to fees or charges for club memberships that are connected to real property or a community.

Adds a new subdivision (E) to Section 66-37-102 of the Tennessee Code Annotated, which addresses requirements for paying fees, charges, assessments, dues, contributions, deposits, or other amounts related to club memberships tied to real property or communities.

The amendment text does not specify how these new provisions will be enforced or what specific impacts they might have on existing laws or practices.

SA0584

Amendment 1-0 to SB2273

Plain English: This amendment adds new language to Tennessee's laws about real estate documents, specifically addressing fees related to club memberships tied to properties or communities.

Adds a new subdivision (E) to Section 66-37-102 of the Tennessee Code Annotated, which deals with provisions in real property documents that require payment for club membership fees.

The amendment text does not specify what happens if these fees are required or how they will be enforced.
It is unclear whether this change affects existing contracts or only applies to future transactions.

Bill History

2026-04-02 Tennessee General Assembly
Transmitted to Governor for action.
2026-04-02 Tennessee General Assembly
Signed by H. Speaker
2026-04-01 Tennessee General Assembly
Signed by Senate Speaker
2026-04-01 Tennessee General Assembly
Enrolled and ready for signatures
2026-03-30 Tennessee General Assembly
Comp. SB subst.
2026-03-30 Tennessee General Assembly
Passed H., Ayes 94, Nays 0, PNV 1
2026-03-30 Tennessee General Assembly
Am. withdrawn. (Amendment 1 - HA0743)
2026-03-30 Tennessee General Assembly
Subst. for comp. HB.
2026-03-26 Tennessee General Assembly
H. Placed on Regular Calendar for 3/30/2026
2026-03-25 Tennessee General Assembly
Placed on cal. Calendar & Rules Committee for 3/26/2026
2026-03-23 Tennessee General Assembly
Rcvd. from S., held on H. desk.
2026-03-19 Tennessee General Assembly
Engrossed; ready for transmission to House
2026-03-19 Tennessee General Assembly
Passed Senate as amended, Ayes 32, Nays 0
2026-03-19 Tennessee General Assembly
Senate adopted Amendment (Amendment 1 - SA0584)
2026-03-18 Tennessee General Assembly
Rec. for pass. if am., ref. to Calendar & Rules Committee
2026-03-17 Tennessee General Assembly
Placed on Senate Regular Calendar for 3/19/2026
2026-03-11 Tennessee General Assembly
Placed on cal. State & Local Government Committee for 3/18/2026
2026-03-11 Tennessee General Assembly
Rec for pass if am by s/c ref. to State & Local Government Committee
2026-03-04 Tennessee General Assembly
Placed on s/c cal Cities & Counties Subcommittee for 3/11/2026
2026-03-03 Tennessee General Assembly
Assigned to s/c Cities & Counties Subcommittee
2026-03-03 Tennessee General Assembly
Ref. to State & Local Government Committee
2026-03-03 Tennessee General Assembly
Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0
2026-02-24 Tennessee General Assembly
Placed on Senate Commerce and Labor Committee calendar for 3/3/2026
2026-02-05 Tennessee General Assembly
P2C, caption bill, held on desk - pending amdt.
2026-02-05 Tennessee General Assembly
Passed on Second Consideration, refer to Senate Commerce and Labor Committee
2026-02-04 Tennessee General Assembly
Intro., P1C.
2026-02-03 Tennessee General Assembly
Filed for introduction
2026-02-02 Tennessee General Assembly
Introduced, Passed on First Consideration
2026-02-02 Tennessee General Assembly
Filed for introduction

Official Summary Text

ON MARCH 19, 2026, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 2273, AS AMENDED.

AMENDMENT #1 r
ewrites this bill to add an exception to the definition of "transfer fee covenant".

Present law provides that a transfer fee covenant recorded after June 10, 2011, or any lien to the extent that it purports to secure the payment of a transfer fee, is not binding on or enforceable against the affected real property or any subsequent owne
r, purchaser, or mortgagee of any interest in the property.

This amendment provides that a

provision of a document requiring a transferor or transferee to pay a fee, charge, assessment, dues, contribution, deposit, or other amount to purchase, issue, reissue, maintain, or transfer a club membership that is related to the real property or the co
mmunity in which the property is sited
is not a transfer fee covenant
.

Current Bill Text

Read the full stored bill text

SENATE BILL 2273
By Briggs

HOUSE BILL 2495
By Farmer
HB2495
012338
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 66,
relative to real property.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 66-4-403(a)(1)(B), is amended by
deleting "three (3)" and substituting "five (5)".
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.