Residential subdivisions; authorize property owners to establish and/or amend covenants, conditions and restrictions.

SB 2481 would allow property owners in Mississippi residential subdivisions to establish or amend neighborhood rules (covenants, conditions, and restrictions) without relying solely on a homeowners association (HOA). It directly affects homeowners in subdivisions without an HOA or where an HOA's governing documents are invalid or nonexistent. The bill requires property owners to gather majority support, file a petition with the chancery court, provide public notice via newspaper and signage, and obtain court approval before rules take effect. The bill died in committee on February 4, 2025, and did not become law.