This bill amends Florida law to enhance the protection of private property rights and introduces new definitions and regulations regarding residential land use. Specifically, it creates a new section, 163.31773, which defines "single-family hybrid use" as a residential land use without restrictions on the number of homes owned by an individual, and "single-family owner use" as a land use intended for owner-occupied homes, where the owner and their affiliates cannot collectively own more than three homes in the local jurisdiction. The bill allows local governments to incorporate these definitions into their comprehensive plans and land development regulations, enabling them to prohibit single-family hybrid use while permitting single-family owner use within the same land use category.

Additionally, the bill specifies that the provisions related to private property rights protection do not apply to actions taken by local governments under the new section. It also outlines that the new regulations do not apply to properties owned or developed by governmental entities or to developers constructing and selling new homes while they are unoccupied. The act is set to take effect on July 1, 2025.