Local & State Update
On March 30 Governor Bryant signed SB2901, the Landowners Protection Act, which becomes effective July 1, 2019. This is a great win for all property owners, managers and suppliers.
Premises Liability law was causing higher insurance costs which turned into higher rents and the degradation of assets. It was causing companies to sell their properties and take their investments elsewhere.
The bill does not exclude property owners’ liability or the duty to make appropriate steps to protect invitees on their property. Property owners accept their responsibilities for their assets.
Thank you for your efforts to get it passed; without you the hard fight might have had a different outcome.
MAA was present May 29th for the ceremonial signing of the Landowner Protection Act.