Real Property - As enacted, makes changes to law regarding restrictions on land purchases by sanctioned aliens or foreign entities. - Amends TCA Title 43; Title 44; Title 47; Title 48 and Title 66.

This bill updates Tennessee laws to restrict land purchases by sanctioned aliens and foreign entities linked to countries subject to international arms trade regulations. It defines specific terms such as "agricultural land" and "prohibited foreign party" to clarify which groups face restrictions on owning or controlling property. The legislation prevents prohibited parties from acquiring agricultural land through direct ownership, long-term leases, or by holding a controlling interest in a business that owns such land. These changes directly affect foreign governments, designated terrorist organizations, and their agents or affiliates regarding their ability to hold real estate in the state.