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SB 1001

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SS/SCS/SB 1001 - This act modifies provisions relating to real estate. NUISANCE ACTIONS (Section 82.1025) This act applies certain current law provisions regarding nuisance actions to the City of Independence. Furthermore, in addition to any other penalties or costs associated with the abatement of a nuisance, any person or entity that is not a resident of this state and who is an owner of property found to have a code or ordinance violation shall be subject to a civil fine of $2,000 per violation. Any property found to have a code or ordinance violation that is structurally unsafe or poses a threat to persons or other property shall have such nuisance abated within one year of the code or ordinance violation. Any such property that is not abated within one year, and any property with unpaid civil fines within two years of the imposition of the fine shall be subject to sale by the taxing jurisdiction in which the property is located. The property shall be sold in an amount that will satisfy the costs incurred for abating the property as well as any outstanding civil fines. Such sale shall coincide with the sale of delinquent properties as provided in current law. This provision is identical to SCS/SB 943 (2026), a provision in the perfected SCS/SB 1468 (2026), and in SCS/HB 3000 (2026). CLASSIFICATION OF CERTAIN RESIDENTIAL REAL PROPERTY (Section 137.016) This act modifies the definition of "residential property" for the purposes of the taxation of real property by providing that such definition shall include single family homes that are owned by a sole proprietor, individual, partnership, or limited liability company and leased, in whole or in part, for a term of less than thirty consecutive days, provided that such provision may not apply to any such property in excess of fifteen such properties owned by the same individual or business. This provision is substantially similar to the perfected SS/SCS/SBs 1066 & 1088 (2026) and provisions in SB 1303 (2026), SB 1410 (2026), SB 1784 (2026), SS/SCS/HCS/HBs 1768 & 2060 (2026), SCS/HB 3000 (2026), SB 699 (2025), SB 784 (2025), SCS/HB 1086 (2025), and HB 660 (2025). LAND BANKS (Sections 140.010 to 141.1020 and 249.255) This act makes technical changes throughout state law relating to the sale of delinquent property to satisfy delinquent property taxes. (Multiple sections) Current law requires a parcel located in certain counties to have unpaid taxes for a period of at least two years prior to the county satisfying such delinquent taxes through judicial foreclosure rather than through sale at auction. This act repeals such two year requirement. (Section 140.010 and 141.230) Current law provides for the appointment of county land bank directors by various agencies. This act provides that the appointment of such directors shall be appointed by the county executive pursuant to the county charter. (Section 140.982) This provision is substantially similar to SB 845 (2026). Current law requires a land bank agency to verify that a buyer is not the original owner or relative owner of the property. This act repeals such requirement. (Section 140.987) Current law allows a land bank agency to purchase a parcel of real property only for the purpose of adding to a parcel already owned by the land bank agency. This act repeals such provision. (Section 141.984) These provisions are identical to provisions in the truly agreed to CCS/HCS/SS/SCS/SB 973 (2026), SCS/SB 843 (2026) and substantially similar to SB 1556 (2026) and HB 2898 (2026). CLASSIFICATION OF CERTAIN PLANTS (Section 262.975) This act provides that helianthus annuus shall not be considered an agricultural crop for the purposes of chapter 89 relating to local planning and zoning. This provision is identical to SB 1058 (2026) and substantially similar to HB 3087 (2026). LIMITED LIABILITY COMPANIES - OWNERSHIP OF REAL PROPERTY (Section 347.048) Currently, limited liability companies that own or rent real property in specified political subdivisions are required to designate, by affidavit, the name and street address of a natural person with management control or responsibility for the real property. This act adds any county with more than one million inhabitants to that list of political subdivisions. This provision is similar to a provision in the truly agreed to SS/SCS/HCS/HB 2508 (2026), HB 2346 (2026), and a provision in SCS/HB 3000 (2026). REAL ESTATE WHOLESALER DISCLOSURES (Section 407.3600) This provision requires a wholesaler, as defined in the act, acting as a grantee or a wholesaler's representative, to provide to the property owner a written disclosure not less than fourteen calendar days before entering into a contract that transfers an interest in residential real property. A wholesaler acting as a grantee shall not enter into a contract that transfers an interest in residential property until both the wholesaler and the property owner sign and date the disclosure. If the wholesaler acting as the grantee fails to make the disclosure before entering into the contract that transfers interest in the property, the owner of the property may cancel the contract before the close of the escrow without penalty and the escrow agent shall disburse any earnest money paid by the wholesaler to the owner within 30 days after the cancellation. These provisions may not be modified or waived by any agreement. Any portion of an agreement executed, modified, or extended after the effective date of this act that modifies or waives provisions of the act shall be null and void. Any violation of this provision shall be considered an unlawful practice under the Missouri Merchandising Practices Act. A party that enters into an agreement without receiving the required disclosure may bring a private action against a wholesaler. The Attorney General is given authority to enforce these provisions. For any violations, the Attorney General may commence a civil action. If the court finds that a violation occurred, the court may grant relief as described in the act. These provisions are identical to provisions in the truly agreed to CCS/HCS/SS/SCS/SB 973 (2026) and the truly agreed to SS/HB 2636 (2026) and substantially similar to provisions in the perfected HCS/HB 2517 (2026). MISSOURI RESIDENTIAL SALE LEASEBACK PROTECTION ACT (Section 442.920) The act creates the "Missouri Residential Sale Leaseback Protection" act, which regulates sale leasebacks. A sale leaseback is defined as a transaction or series of transactions in which a seller sells residential real estate that is or was the seller's residence to another party and, as a condition of the sale, or as part of the same or a related transaction, enters into a lease or rental agreement to remain in or re-occupy the property. In any sale leaseback transaction, a buyer is required to provide the seller with certain disclosures, described in detail in the act, alerting the seller of the nature of the transaction and advising them of certain actions they may wish to take. The disclosure must be provided to the seller not more than 10 days and not less than 3 business days before the execution of any sale leaseback agreement, and the disclosure shall be signed by both the seller and the buyer concurrently with the execution of the sale leaseback agreement. Violation of this act is subject to a fine of up to $10,000 per violation. The Attorney General is permitted to enforce this act by bringing a cause of action seeking injunctive relief, civil penalties, and restitution. A seller is also permitted to bring a civil action if harmed by a violation of this act. A seller may recover actual damages, statutory damages up to $10,000, attorneys' fees and costs, and any equitable or injunctive relief. This act may not be waived or modified by agreement of any party. These provisions are identical to provisions in the truly agreed to SS/SB 834 (2026), the truly agreed to CCS/HCS/SS/SCS/SB 973 (2026), and the truly agreed to SS/HB 2636 (2026) and substantially similar to SB 1684 (2026). AMERICAN DREAM ACT (Section 442.703) This act creates the "American Dream Act." Institutional buyers, as that term is defined in the act, shall not acquire a single-family residential property in this state unless such single-family residential property has been publicly listed for sale for more than 90 days and is not at such time subject to a binding sales agreement. This provision contains various exemptions. This act contains a severability clause. SCOTT SVAGERA

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