This bill introduces a new section to RSA 356-A, specifically addressing unfair service agreements in residential real estate transactions. It defines a "service agreement" as a contract for services related to the maintenance, purchase, or sale of residential real estate and outlines specific characteristics that make such agreements unfair, including provisions that bind future property owners or allow for assignment without consent. The bill prohibits the recording of these unfair agreements and establishes that any person who attempts to enforce such an agreement will be committing an unfair or deceptive act. Additionally, it provides remedies for affected individuals, allowing them to seek court orders to declare these agreements unenforceable and recover damages.

The bill also clarifies that certain agreements, such as home warranties, insurance contracts, and utility service agreements, are exempt from this prohibition. It includes provisions that make it a Class A misdemeanor to record an unfair service agreement and allows county registrars of deeds to refuse such recordings. Furthermore, if an unfair service agreement is recorded, it will not serve as notice to bona fide purchasers or creditors, and affected parties can seek legal recourse. The act is set to take effect on January 1, 2026.