Real Property - As introduced, expands existing statutory authority of a masonic lodge to take real property by deed by extending the same authority to a masonic lodge-sponsored corporation or limited liability company that is created for such purpose; authorizes a masonic lodge-sponsored corporation or limited liability company to lease or rent real or personal property to a masonic lodge or other entity. - Amends TCA Title 48, Chapter 102.

This bill expands Tennessee law to allow masonic lodges and their sponsored corporations or limited liability companies (LLCs) to acquire real or personal property through deeds (e.g., purchase or gift) for purposes like building lodges, halls, temples, or burial grounds. It specifically authorizes these sponsored entities to lease or rent property to masonic lodges or other groups under terms they set. The law defines a "masonic lodge-sponsored corporation or LLC" as an entity formed by a lodge’s officers or members for this purpose. The bill amends Tennessee Code Title 48, Chapter 102, to update property ownership rules for these organizations.