Tenants get first dibs to buy their apartment buildings

STATE GOVERNMENT-TECH

Engrossed· 2026-04-17

Who's it for

Who's it for: Everyday People

What it means for you

8/10Helps you

Good for everyday people ·

Plain‑English summary, cross‑checked against the official bill text.

This bill would give renters in large apartment buildings the right to match a buyer's price and purchase their building before the landlord sells it.

Our take

What we think, in plain words.

When a big apartment building goes up for sale, tenants usually have no say and can get pushed out by new owners who raise the rent. This bill changes the game by giving renters a fair shot to team up, match the asking price, and buy the property themselves. It also slaps heavy fines on landlords who try to trick or force tenants into giving up this right. If you rent in a larger building, this gives you a chance to own your home and keep your community together.

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The facts

What the bill actually says, no spin.

Applies to apartment buildings with six or more units.
Landlords must give tenants 90 days of written notice before selling the property.
Tenants have 90 days to form a group and match the buyer's offer.
If the landlord drops the price by 20 percent or more, tenants get 10 extra days to match the new price.
If public money is used to buy the building, it must stay affordable for at least 30 years.
Tenants can sue landlords for triple the damages if the landlord tries to block this right.
The bill also updates rules for how fast the state must pay its own bills to businesses.