HB 469 — Real Estate Conveyances
by Rep. Duggan (SB 1224 by Senators Simmons and Gruters)
This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.
Prepared by: Banking and Insurance Committee (BI)
The bill provides that no subscribing witnesses are required for a lease of real property or any instrument pertaining to a lease of real property. The bill eliminates the requirement that two subscribing witnesses be present when the lessor, or lessor’s lawfully authorized agent, signs a lease with a term of more than 1 year.
If approved by the Governor, these provisions take effect July 1, 2020.
Vote: Senate 40-0; House 117-0