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.

SB 1650 allows Masonic lodges in Tennessee to use sponsored corporations or limited liability companies (LLCs) to acquire, own, and lease property for lodge purposes. Specifically, it expands existing law to let these sponsored entities purchase or receive property by gift (like buildings, land, or equipment) for lodges, temples, or burial sites, and to lease property back to the lodges or others. The bill directly affects Masonic lodges and their legally formed sponsored business entities. It clarifies that property deeds must vest ownership in either the lodge or its sponsored entity, without impacting prior property transfers. This is a procedural update to Tennessee property law for fraternal organizations.