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SB2273 • 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
Briggs, Farmer
Last action
2026-04-14
Official status
Signed by Governor.
Effective date
Not listed

Plain English Breakdown

The official source material does not provide details on the impact of the bill on existing contracts or agreements and does not mention updates to other parts of Tennessee's real property laws.

Changing Notice Period for Real Property Sales

This bill changes the minimum notice period that buyers must give sellers when selling real property through a process called wholesaling.

What This Bill Does

  • Changes the law to require at least five business days' notice instead of three when a buyer is wholesaling real property.

Who It Names or Affects

  • Buyers and sellers involved in real estate sales through wholesaling.

Terms To Know

wholesaling
A process where a buyer purchases real property and quickly resells it to another buyer, often before taking ownership themselves.

Limits and Unknowns

  • The exact impact on real estate transactions is not fully known.
  • It does not specify how the change will affect existing contracts or agreements.

Amendments

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

Amendment 1-0 to HB2495

Plain English: The amendment adds new language to Tennessee Code Annotated, Section 66-37-102(4), to address fees related to club memberships tied to real property or communities.

  • Adds a new subdivision (E) to Section 66-37-102 of the Tennessee Code Annotated, which deals with provisions in documents that require payment for club membership fees associated with real property or community-related issues.
  • The amendment text does not provide specific details on how these new provisions will be enforced or what types of clubs are covered.
  • It is unclear if this change affects existing laws regarding similar fee structures in Tennessee.
Amendment 1-0 to SB2273

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.
  • It is unclear from the provided information whether this change affects all types of properties or only certain kinds of real estate developments with club memberships.

Bill History

  1. 2026-04-14 Tennessee General Assembly

    Signed by Governor.

  2. 2026-04-02 Tennessee General Assembly

    Transmitted to Governor for action.

  3. 2026-04-02 Tennessee General Assembly

    Signed by H. Speaker

  4. 2026-04-01 Tennessee General Assembly

    Signed by Senate Speaker

  5. 2026-04-01 Tennessee General Assembly

    Enrolled and ready for signatures

  6. 2026-03-30 Tennessee General Assembly

    Passed H., Ayes 94, Nays 0, PNV 1

  7. 2026-03-30 Tennessee General Assembly

    Am. withdrawn. (Amendment 1 - HA0743)

  8. 2026-03-30 Tennessee General Assembly

    Subst. for comp. HB.

  9. 2026-03-30 Tennessee General Assembly

    Comp. SB subst.

  10. 2026-03-26 Tennessee General Assembly

    H. Placed on Regular Calendar for 3/30/2026

  11. 2026-03-25 Tennessee General Assembly

    Placed on cal. Calendar & Rules Committee for 3/26/2026

  12. 2026-03-23 Tennessee General Assembly

    Rcvd. from S., held on H. desk.

  13. 2026-03-19 Tennessee General Assembly

    Engrossed; ready for transmission to House

  14. 2026-03-19 Tennessee General Assembly

    Passed Senate as amended, Ayes 32, Nays 0

  15. 2026-03-19 Tennessee General Assembly

    Senate adopted Amendment (Amendment 1 - SA0584)

  16. 2026-03-18 Tennessee General Assembly

    Rec. for pass. if am., ref. to Calendar & Rules Committee

  17. 2026-03-17 Tennessee General Assembly

    Placed on Senate Regular Calendar for 3/19/2026

  18. 2026-03-11 Tennessee General Assembly

    Placed on cal. State & Local Government Committee for 3/18/2026

  19. 2026-03-11 Tennessee General Assembly

    Rec for pass if am by s/c ref. to State & Local Government Committee

  20. 2026-03-04 Tennessee General Assembly

    Placed on s/c cal Cities & Counties Subcommittee for 3/11/2026

  21. 2026-03-03 Tennessee General Assembly

    Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0

  22. 2026-03-03 Tennessee General Assembly

    Assigned to s/c Cities & Counties Subcommittee

  23. 2026-03-03 Tennessee General Assembly

    Ref. to State & Local Government Committee

  24. 2026-02-24 Tennessee General Assembly

    Placed on Senate Commerce and Labor Committee calendar for 3/3/2026

  25. 2026-02-05 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate Commerce and Labor Committee

  26. 2026-02-05 Tennessee General Assembly

    P2C, caption bill, held on desk - pending amdt.

  27. 2026-02-04 Tennessee General Assembly

    Intro., P1C.

  28. 2026-02-03 Tennessee General Assembly

    Filed for introduction

  29. 2026-02-02 Tennessee General Assembly

    Introduced, Passed on First Consideration

  30. 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 
HOUSE BILL 2495
By Farmer

SENATE BILL 2273
By Briggs
SB2273
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.