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1998 SESSION

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HB 1121 Titles to real or leasehold properties.

Introduced by: I. Vincent Behm, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Titles to real or leasehold properties; prohibited covenants and reversionary interests. Prohibits the solicitation or acceptance of any compensation for the release of covenants or reversionary interests restricting the occupancy or ownership of property on the basis of race, color, religion, national origin, sex, and other similar bases. Violators will be liable to any person injured thereby in an amount equal to the greater of three times the compensation solicited or received, or $500, plus reasonable attorneys' fees and costs. However, the bill does not void or nullify the release of unrelated covenants or reversionary interests in an instrument concurrently releasing the types of covenants and reversionary interests described above. The bill also clarifies existing law by declaring that reversionary interests connected to restrictive covenants currently prohibited are also void and contrary to public policy.


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