Real Property - As introduced, enacts the "Tennessee Private Property Vesting Rights of 2026," which entitles a property owner to just compensation from a public entity if the public entity enacts a land use regulation that has the effect of reducing the fair market value of the property. - Amends TCA Title 29, Chapter 16.

HB 1837, titled the "Tennessee Private Property Vesting Rights of 2026," entitles property owners to just compensation from public entities when land use regulations (like zoning or development rules) reduce a property’s fair market value. It applies to owners of real property acquired after the regulation’s enactment, requiring public entities to pay compensation equal to the value loss upon written demand. Key exclusions include regulations protecting public health/safety (e.g., fire codes), federal compliance, or common law nuisances, with the public entity bearing the burden to prove exemptions. Owners must file claims within three years of the regulation’s enactment or a related land use application, and can seek attorney fees if compensation isn’t paid within 90 days of demand.