Real Property - As introduced, requires corporations, limited liability companies, limited partnerships, and limited liability partnerships that purchase or acquire residential rental property in this state to register the property with the secretary of state. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 13; Title 47; Title 48; Title 61 and Title 66.

HB 1703 requires business entities - such as corporations, limited liability companies, and partnerships - that own residential rental properties in Tennessee to register those properties with the Secretary of State. Registration must occur by January 1, 2027, or within 60 days of purchase, including details like property addresses, entity contact information, and management contacts. Failure to register on time may result in a $2,000 civil penalty per violation. The collected data will be publicly accessible online to help governments monitor housing compliance. This bill directly affects commercial property owners and aims to improve transparency around rental housing standards.