Arizona 57th Legislature - Second Regular Session Status: In Committee 1 D cosponsors

HB 2705 — single-family residence purchases; limitations

Last action — House Second Reading

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 57th Legislature - Second Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

How this bill changes current law

10 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill establishes new regulations for corporate purchases of single-family residences in Arizona, including registration requirements and limits on ownership.

  • Section 33-401.01

    IF A CORPORATION OR A LIMITED LIABILITY COMPANY OR AN AFFILIATE OF A CORPORATION OR A LIMITED LIABILITY COMPANY PURCHASES A SINGLE-FAMILY RESIDENCE:

    This establishes conditions under which corporate purchases of single-family residences are regulated.

  • Section 33-401.01

    THE COUNTY RECORDER MAY NOT RECORD THE DEED UNLESS BOTH OF THE FOLLOWING OCCUR:

    This requires specific conditions to be fulfilled before a deed for a corporate purchase can be recorded.

  • Section 33-401.01

    THE DEED MUST CLEARLY STATE THAT THE SINGLE-FAMILY RESIDENCE IS NOT THE PRIMARY RESIDENCE OF THE OWNER.

    This mandates that corporations declare the residence status of purchased properties.

  • Section 41-3955

    the fund consists of monies from unclaimed property deposited in the fund pursuant to section 44-313, → the fund consists of monies from unclaimed property deposited in the fund pursuant to section 44-313, MONIES DEPOSITED IN THE FUND PURSUANT TO SECTION 44-4003,

    This adds new sources of funding for the housing trust fund.

  • Section 44-4002

    THE TOTAL NUMBER OF SINGLE-FAMILY RESIDENCES THAT MAY BE PURCHASED IN THIS STATE BY A CORPORATION OR A LIMITED LIABILITY COMPANY IS FIFTY UNITS PER CALENDAR YEAR.

    This sets a cap on the number of residences a corporation can purchase per year.

  • Section 44-4002

    A CORPORATION OR LIMITED LIABILITY COMPANY MAY NOT OWN MORE THAN TWO THOUSAND SINGLE-FAMILY RESIDENCES IN THIS STATE.

    This places an overall ownership limit on single-family residences by corporations.

  • Section 44-4003

    A CORPORATION OR A LIMITED LIABILITY COMPANY OR AN AFFILIATE OF A CORPORATION OR A LIMITED LIABILITY COMPANY SHALL REGISTER WITH THE SECURITIES DIVISION OF THE COMMISSION BEFORE PURCHASING A SINGLE-FAMILY RESIDENCE LOCATED IN THIS STATE.

    This introduces a mandatory registration process for corporate buyers before they can purchase a residence.

  • Section 44-4003

    THE REGISTRATION REQUIREMENT DOES NOT APPLY TO ANY OF THE FOLLOWING: A CORPORATION OR A LIMITED LIABILITY COMPANY OR AN AFFILIATE OF A CORPORATION OR A LIMITED LIABILITY COMPANY THAT OWNS FEWER THAN TEN SINGLE-FAMILY RESIDENCES LOCATED IN THIS STATE.

    This provides an exception to the registration requirement for smaller corporations.

  • Section 44-4003

    THE SECURITIES DIVISION OF THE COMMISSION SHALL ESTABLISH AND MAINTAIN A REGISTRY OF CORPORATIONS AND LIMITED LIABILITY COMPANIES AND AFFILIATES OF THE CORPORATIONS AND THE LIMITED LIABILITY COMPANIES THAT PURCHASE OR OWN SINGLE-FAMILY RESIDENCES LOCATED IN THIS STATE.

    This mandates the creation of a public registry of corporate ownership for single-family residences.

  • Section 44-4003

    THE COMMISSION SHALL ISSUE A CERTIFICATE OF REGISTRATION TO EACH CORPORATION OR EACH LIMITED LIABILITY COMPANY OR AN AFFILIATE OF A CORPORATION OR A LIMITED LIABILITY COMPANY THAT REGISTERS PURSUANT TO THIS SECTION.

    This ensures that registered entities receive formal recognition of their registration.

Action History

  1. House Second Reading

  2. House First Reading.

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 92 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (92)

92 members have not signed on to this bill.

Show all 92 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 2705?
HB 2705 is sponsored by Oscar De Los Santos (Democrat).
What is the current status of HB 2705?
This bill died with 57th Legislature - Second Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 2705?
Track HB 2705 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HB 2705

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HB 2705

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →