Limitations on Rental Property Owned by Certain Businesses

Current understanding

To be populated as evidence accumulates.

2026-04-30 — Property: land sales; purchase of residential property by certain businesses; prohibit. Creates new act. TIE BAR WITH: HB 5929’26: cross-connection with residential-property-business-purchase-prohibition: Companion policy — one bars business purchases of residential property, the other caps ongoing rental ownership by businesses. (novelty: 3)
2026-05-14 — Property: land sales; purchase of certain residential homes by investors; regulate. Creates new act.: cross-connection with investor-residential-home-purchase-regulation: Complementary policies limiting business ownership footprint in Michigan residential housing markets. (novelty: 3)
2026-07-29 — Housing: residential; limitations on rental property owned by certain businesses; provide for. Amends title of 1972 PA 284 (MCL 450.1101 - 450.2098) & adds sec. 262. TIE BAR WITH: SB 1127’26: SB 1125 (Sen. Cavanagh, 103rd Legislature) introduced to amend the Business Corporation Act (1972 PA 284) by adding sec. 262 to limit how much residential rental property certain businesses may own; tie-barred with SB 1127’26; referred to Committee on Housing and Human Services. (novelty: 3)