Local Government, General - As introduced, authorizes a municipality to create and require the use of a landlord registry for a real estate investment trust that owns, operates, or finances 10 or more dwelling units located within the municipality. - Amends TCA Title 66.

HB 1501 would allow Tennessee municipalities to require real estate investment trusts (REITs) owning 10 or more rental units within city limits to register with local building code enforcement agencies. REITs would need to provide their contact information and the full addresses of all properties they manage, with updates required within 30 days of any changes. Municipalities could impose a $50 weekly fine for non-compliance, but must provide a hearing opportunity before levying penalties. The bill takes effect July 1, 2026, and does not authorize fees for REITs to file required information.