Montana legislation · 2025 Regular Session
Montana SB501: Establishing the Keep Montanans Housed Act
Status: Failed, May 23, 2025
What the bill says
A bill for an act providing tenants with the first opportunity to purchase certain rental properties from landlords; and providing an effective date.".
From the engrossed text:
A BILL FOR AN ACT PROVIDING TENANTS WITH THE FIRST OPPORTUNITY TO PURCHASE CERTAIN RENTAL PROPERTIES FROM LANDLORDS; AND PROVIDING AN EFFECTIVE DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: NEW SECTION. Section 1. Short title. [Sections 1 and 2] may be cited as the "Keep Montanans Housed Act". NEW SECTION. Section 2. Right of first refusal -- timelines. (1) Before a landlord may sell a rented dwelling unit or the premises on which a rented dwelling unit is located or issue a notice to vacate the dwelling unit or premises for reasons of demolition, repurposing, or selling, the landlord shall give the tenant an opportunity to purchase the dwelling unit or the premises on which the dwelling unit is located at a price and with material terms that represent a bona fide offer of sale. (2) A landlord shall provide the tenant a copy of the offer of sale by hand delivery, electronic transmission, or certified mail. A landlord may not retain a percentage of ownership in the dwelling unit or the premises on which the dwelling unit is located in the offer of sale. (3) The sales price contained in the offer of sale may not be more than a price comparable to that at which a willing seller and a willing buyer would …
Sponsors
- Smith, Laura (D, 40) · primary sponsor
Latest actions
- : (S) Died in Process
- : (S) Missed Deadline for General Bill Transmittal
- : (S) Sponsor List Modified
- : (S) Tabled in Committee
- : (S) Hearing
- : (S) Referred to Committee
- : (S) 1st Reading
- : (S) Introduced
- : (LC) Draft Delivered to Requester
- : (LC) Draft Ready for Delivery
Subjects: Property, Housing, Landlord and Tenant
Common questions
- What is SB501?
- SB501 is a bill in the Montana Legislature (2025 Regular Session): Establishing the Keep Montanans Housed Act.
- What does SB501 do?
- In its own words: A bill for an act providing tenants with the first opportunity to purchase certain rental properties from landlords; and providing an effective date.".
- What is the status of SB501?
- Failed as of May 23, 2025. Latest action: (S) Died in Process (May 23, 2025).
- Who sponsored SB501?
- Smith, Laura (D, 40).
- Where is the official record for SB501?
- On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC1073
Source: official Montana record. Tracked by Delilah, AI for legislation across all 50 states and Congress.