HB 1070 – Property Sale and Leaseback
Exempting the sale and leaseback of property by a seller from the residential landlord-tenant act when the seller agrees to a written lease at closing.
Sponsors: Connors, Reeves, Hutchins, Schmidt, Peterson, Christian, and Rude
Status: Senate Rules 2nd
Summary
- Land Lord Tenant Act Exemption: Occupancy by the seller of a dwelling unit, after closing of the sale, when the buyer and seller entered into a written agreement for the seller to remain in the dwelling unit for up to six months after closing;