Housing: landlord and tenants; purchase of rental property by tenants; provide for. Creates new act.

This bill, called the "tenant opportunity to purchase act," would require landlords to offer tenants the first chance to buy their rental property before selling it to someone else. This applies to various types of rental homes, like apartments and houses, but not temporary lodging like hotels. If passed, landlords would need to give tenants or a tenant association the opportunity to purchase the property at a fair market price.

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