Bill
SD 1068
Overview: SD 1068, "An Act to guarantee a tenant's first right of refusal", is a proposed bill introduced on November 29, 2025.Purpose and Intent: The primary goal of this bill is
Overview: SD 1068, "An Act to guarantee a tenant's first right of refusal", is a proposed bill introduced on November 29, 2025.
Purpose and Intent: The primary goal of this bill is to provide tenants with the first opportunity to purchase their rental property if the landlord decides to sell. The legislation aims to protect tenants from displacement and ensure that they have a fair chance to remain in their homes, especially in areas experiencing rapid gentrification and rising housing costs.
Key Provisions:
- Requires landlords to provide tenants with a written notice of their intent to sell the property, along with the sale price and terms
- Grants tenants a 60-day period to exercise their right of first refusal and match the sale price
- Prohibits landlords from selling the property to a third party during the 60-day tenant notification period
- Establishes penalties and fines for landlords who fail to comply with the tenant notification and right of refusal requirements
Affected Parties and Impacts: The bill would primarily benefit tenants, particularly those living in rental properties that are at risk of being sold and converted into more expensive housing. Landlords would be required to adjust their sales practices to accommodate the tenant's first right of refusal.
Procedural and Timeline Considerations: The bill is currently in the early stages of the legislative process and has not yet been scheduled for a committee hearing or floor vote. If passed, the new tenant protections would take effect within 90 days of the bill's enactment.
Compiled from official sources — confirm details with the bill’s official record.
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