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Amend CSHB 1823 by inserting the following appropriately
numbered SECTIONS and renumbering SECTIONS of the bill
appropriately:
SECTION __. Subchapter A, Chapter 5, Property Code, is
amended by adding Section 5.014 to read as follows:
Sec. 5.014. PROHIBITED FEES. A person who has a right of
first refusal in real property may not charge a fee for declining to
exercise that right, such as a fee for providing written evidence of
the declination.
SECTION __. Except as provided by a contract entered into
before the effective date of this Act, Section 5.014, Property
Code, as added by this Act, applies only to a fee that is solicited
on or after the effective date of this Act for declining the
exercise of a right of first refusal.