The bill amends the Texas Fair Housing Act by introducing new definitions to enhance clarity and enforceability. Specifically, it adds a definition for "bona fide offer," which is described as an offer made in good faith without deceitful motives and that is legally binding on the parties involved. This definition also encompasses lump sum offers and earnest money deposits. Additionally, the definition of "dwelling" is updated to specify that it includes structures intended for residential occupancy that have received a certificate of occupancy, thereby ensuring that only compliant properties are recognized under the Act.

These changes aim to provide clearer guidelines for real estate transactions and housing regulations in Texas, promoting fair housing practices. The bill is set to take effect on September 1, 2025, allowing time for stakeholders to adjust to the new definitions and requirements.

Statutes affected:
Introduced: Property Code 301.003 (Property Code 301)