Establishing the keep Montanans housed act

This bill, known as the Keep Montanans Housed Act, gives tenants the first opportunity to buy their rental homes before landlords sell them to third parties. It requires landlords to offer tenants a bona fide purchase price based on comparable market value or appraised value before selling or demolishing a property. Tenants have 45 days to accept the offer or challenge it with an independent appraisal at their own expense, while landlords cannot retain partial ownership in the sale. The law applies to rental dwelling units and takes effect on July 1, 2025.