HB 1593 2025
CODING: Words stricken are deletions; words underlined are additions.
hb1593-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
A bill to be entitled 1
An act relating to ownership of single -family 2
residential property by business entities; providing a 3
short title; creating s. 692.041, F.S.; providing 4
definitions; prohibiting certain business entities 5
from purchasing, acquiring, or otherwise obtaining 6
certain property and subsequently leasing or renting 7
such property; specifying that certain sellers are not 8
liable for certain violations; authorizing the 9
Attorney General to bring a civil action; providing 10
remedies; providing construction; providing an 11
effective date. 12
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Be It Enacted by the Legislature of the State of Florida: 14
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Section 1. This act may be cited as the " Real Affordable 16
Housing Relief Act." 17
Section 2. Section 692.041, Florida Statutes, is created 18
to read: 19
692.041 Single-family residential property. — 20
(1) As used in this section, the term: 21
(a) "Business entity" means an association, a company, a 22
firm, a partnership, a corporatio n, a limited liability company, 23
a limited liability partnership, a real estate investment trust, 24
or any other legal entity, and such entity's successors, 25
HB 1593 2025
CODING: Words stricken are deletions; words underlined are additions.
hb1593-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
assignees, or affiliates. The term does not include: 26
1. A nonprofit corporation or other nonprofit l egal 27
entity. 28
2. A person or entity primarily engaged in the 29
acquisition, rehabilitation, or construction of new or existing 30
market rate or affordable residential housing. As used in this 31
subparagraph, the term "affordable" has the same meaning as in 32
s. 420.0004. 33
(b) "Single-family residential property" means a single 34
parcel of real property improved with only one detached dwelling 35
unit on it for which a certificate of occupancy has been issued. 36
(2)(a) A business entity that has an interest in more tha n 37
100 single-family residential properties in this state may not 38
purchase, acquire, or otherwise obtain an ownership interest in 39
another single-family residential property and subsequently 40
lease or rent such property. 41
(b) The seller of single -family residential property to a 42
business entity is not liable for any violation of this section 43
by the business entity. 44
(3) The Attorney General may bring a civil action for a 45
violation of this section. If the Attorney General prevails in a 46
civil action brought un der this section, the court must order 47
all of the following: 48
(a) A civil penalty of $100,000 against the business 49
entity for each violation. 50
HB 1593 2025
CODING: Words stricken are deletions; words underlined are additions.
hb1593-00
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
(b) Require the business entity to sell the single -family 51
residential property to a natural person or an independent third 52
party within 1 year after the date the court enters the 53
judgment. 54
(c) Reasonable attorney fees and costs. 55
(4) Subsection (3) is the exclusive remedy for a violation 56
of this section. 57
Section 3. This act shall take effect July 1, 2025. 58