Specialized Land Transactions; business enterprises or business enterprises controlled by natural born persons from owning an interest in more than 500 single-family residential properties; prohibit

Where it is in the process

Plain-English Summary

A BILL to be entitled an Act to amend Chapter 3 of Title 44 of the Official Code of Georgia Annotated, relating to regulation of specialized land transactions, so as to prohibit business enterprises or business enterprises controlled by natural born persons from owning an interest in more than 500 single-family residential properties; to prohibit foreign investment vehicles from owning any interest in a single-family residential property to be used as rental property; to provide a private cause …

Source: OpenStates · fetched March 27, 2026

Who it affects

Homeownerindirect

May increase the availability of single-family residential properties for purchase by individual homeowners due to restrictions on large business enterprises and foreign investment vehicles owning rental properties.

Renterindirect

May lead to increased rental costs or reduced availability of rental properties as foreign investment vehicles are prohibited from owning rental properties, potentially impacting the rental market.

AI-extracted

Who This AffectsAI analysis

HomeownerindirectModerate impactMedium certainty
May increase the availability of single-family residential properties for purchase by individual homeowners due to restrictions on large business enterprises and foreign investment vehicles owning rental properties.
“to prohibit business enterprises or business enterprises controlled by natural born persons from owning an interest in more than 500 single-family residential properties”· 1
“to prohibit foreign investment vehicles from owning any interest in a single-family residential property to be used as rental property”· 2
RenterindirectModerate impactMedium certainty
May lead to increased rental costs or reduced availability of rental properties as foreign investment vehicles are prohibited from owning rental properties, potentially impacting the rental market.
“to prohibit foreign investment vehicles from owning any interest in a single-family residential property to be used as rental property”· 2

What the Bill Does

Prohibits business enterprises from owning more than 500 single-family residential properties.
Prohibits foreign investment vehicles from owning any interest in single-family residential properties used as rental property.
Establishes a private cause of action related to these prohibitions.

Votes

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