Summary of Original Version

Create a new section of KRS Chapter 383 to define terms; state that a tenant has a right of first refusal to purchase a rental property from the owner of the property; require the owner to notify a tenant prior to listing a rental property for sale or accepting an offer on the property; establish timelines for a tenant to exercise the right of first refusal; specify circumstances under which a tenant's right of first refusal may be waived; establish penalty for violation.