Real Property - As introduced, requires corporations, limited liability companies, limited partnerships, and limited liability partnerships that purchase or acquire residential rental property in this state to register the property with the secretary of state. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 13; Title 47; Title 48; Title 61 and Title 66.

SB 1693 requires business entities (like corporations, LLCs, or partnerships) that purchase or acquire residential rental properties in Tennessee to register with the Secretary of State. Starting January 1, 2027, these "institutional buyers" must submit property addresses, business contact details, and the number of rental units they own. The registration will be publicly accessible online, and failure to comply may result in a $2,000 civil penalty per violation. The bill aims to help state and local governments monitor compliance with housing standards by tracking large-scale rental property ownership.