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House passes bill curbing third‑party transfer fees, requires recorder notice
Summary
The House approved HB280 to ban most third‑party transfer‑fee covenants going forward while preserving reinvestment fees tied to property improvements; sponsors said the change improves disclosure and prevents burdens on future owners. The bill passed 68‑0.
The Utah House of Representatives on March 1 approved a bill to restrict certain long‑running transfer‑fee covenants that can burden future property owners.
Representative Rebecca Lockhart, the bill sponsor, said the measure redraws the law to distinguish reinvestment‑fee covenants that benefit a property from third‑party transfer‑fee covenants that do not. "So we will have 2 different kinds of these covenants," Lockhart said, adding the bill requires a separate notice filed with county recorders for the covenants to remain enforceable going…
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