AN ACT to amend Tennessee Code Annotated, Title 4; Title 5; Title 8 and Title 66, relative to real property.
Impact
The implications of HB2164 could be significant for real estate developers, local governments, and property owners in Tennessee. By mandating that precise property addresses be included in applications, the bill seeks to streamline administrative procedures and improve the accuracy of property-related records. This may result in more efficient processing times for property applications and could aid in mitigating disputes by providing clear and accessible property information, aligning with the broader objectives of effective land use governance.
Summary
House Bill 2164 is designed to amend the Tennessee Code Annotated, specifically targeting regulations related to real property. The key provision of the bill requires the inclusion of the physical addresses for each parcel of real property that is subject to specific applications as delineated in the revisions to Title 5. This legislative change aims to enhance transparency and facilitate better tracking of property applications within the state, which is pivotal for various administrative processes that rely on accurate property data.
Sentiment
General sentiment surrounding HB2164 appears to be supportive, particularly from real estate stakeholders and regulatory bodies who view the bill as a positive step toward improved governance in land use. There may be concerns among some property owners about the implications of increased documentation and compliance requirements, but the overall intent to increase clarity and accountability seems to resonate positively within the targeted sectors. As such, there is an expectation that this legislation will foster a more organized approach to property management in Tennessee.
Contention
While most feedback has been constructive, one notable point of contention could revolve around the administrative burden that might be placed on local governments and the entities involved in property approvals. As the requirement for detailed address submissions becomes integrated into existing processes, there are concerns about potential delays or complexities that might arise during implementation. Nevertheless, the overarching goal of HB2164 is viewed as enhancing the real estate regulatory framework rather than imposing undue restrictions.