Establishing the Keep Montanans Housed Act

SB 501, the "Keep Montanans Housed Act," would require Montana landlords to offer tenants the first opportunity to purchase their rental property before selling to a third party. Landlords must provide tenants with a written offer at a price comparable to market value or appraised value within 45 days, allowing tenants to challenge the offer using their own appraiser at their expense. The bill would directly affect tenants in qualifying rental units and landlords seeking to sell or vacate properties for demolition, repurposing, or sale. However, the bill died in committee on May 23, 2025, and never became law, so these provisions remain inactive.