relative to certain residential property interests controlled by certain entities.

HB 1517 requires business entities (like corporations or LLCs) that own residential properties (such as single-family homes, duplexes, triplexes, or quadruplexes) to disclose that a purchase involves an interest in the entity, not the property itself. It bans these entities from restricting the transfer of ownership interests (allowing owners to sell without approval), charging fees for transfers, or discriminating against qualified buyers. The bill also prohibits agreements from mandating disputes be resolved outside state or federal courts. This directly affects entities managing residential properties through ownership arrangements and the owners who purchase interests in them.