House · Introduced · 2025-2026 Regular Session

HB 1162: Corporations; require corporations and limited liability companies and their subsidiaries to provide certain information to the Secretary of State if they own a certain number of multifamily residences

Last action February 4, 2026 · House Second Readers

A Georgia House bill would require corporations and limited liability companies that own three or more multifamily residences to disclose those properties' addresses to the Secretary of State, who would post the list publicly.

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In plain language

Currently, corporations and LLCs registered in Georgia file annual reports with the Secretary of State but are not required to disclose which residential rental properties they own. This bill would change that for larger property owners. Any corporation or LLC, or any subsidiary of one, that has an ownership interest in three or more multifamily residences (buildings with four or more separate dwelling units) would have to submit a list of those properties' addresses along with its annual filing. The Secretary of State would then publish that address list on the Georgia Corporations Division website, alongside the company's existing business information. If a subsidiary owns the qualifying properties, the addresses would be published under both the subsidiary's listing and its parent or controlling corporation's listing. The new requirement would take effect July 1, 2026, and apply to annual filings made on or after that date.

What the bill does

Requires corporations that own an interest in three or more multifamily residences (buildings with four or more units) to list those properties' addresses in their annual filing.
Applies the same address-disclosure requirement to limited liability companies (LLCs) that own three or more multifamily residences.
Extends the disclosure duty to subsidiaries of corporations or LLCs that meet the three-property threshold, not just the parent company.
Directs the Secretary of State to publish the disclosed addresses on the Georgia Corporations Division website alongside the company's business listing.
Requires that when a subsidiary owns the qualifying properties, the address information also be published under the parent or controlling corporation's listing.
Sets an effective date of July 1, 2026, applying to annual filings made on or after that date.

Who it affects

Corporations and limited liability companies registered in Georgia that own interests in multifamily rental properties, along with their subsidiaries and parent companies. It also affects the Georgia Secretary of State's office, which must collect and publish the new address information, and members of the public who use the Corporations Division website.

Why it matters

Renters, housing advocates, journalists, and local officials would gain a public way to identify which corporations or LLCs, including hidden subsidiaries, own large residential rental buildings in Georgia. Companies that hold multiple multifamily properties would face new annual paperwork and public disclosure they do not currently have to make.

Key provisions

Section 1 adds new Code Section 14-2-1623, requiring corporations and their subsidiaries with an interest in three or more multifamily residences to submit an address list with their annual filing under O.C.G.A. § 14-2-1622.
Section 1 defines 'multifamily residence' as a parcel with a structure containing four or more individual dwelling units meant for separate family occupancy.
Section 1 defines 'subsidiary' broadly to include any entity in which the corporation holds a controlling interest.
Section 1 requires the Secretary of State to publish the addresses on the Georgia Corporations Division website, and to also list them under the parent company's page if a subsidiary owns the properties.
Section 2 adds a parallel new Code Section 14-11-1103.2 applying the identical disclosure and publication rules to limited liability companies and their subsidiaries.
Section 3 sets the effective date as July 1, 2026, applying to annual filings made on or after that date.
Section 4 repeals any conflicting laws.

From the bill

“'Multifamily residence' means a parcel of real property that has upon it a structure that contains four or more individual dwelling units, each of which is designed exclusively for use and occupation by one family.”
This is the bill's definition of which properties trigger the new disclosure requirement.

“such corporation and any subsidiary thereof which has an interest in three or more multifamily residences shall provide the Secretary of State with a list of each such residence along with the address of each multifamily residence.”
This is the core disclosure requirement the bill creates for corporations and their subsidiaries.

Status timeline

2026-02-04House Second Readers (House)
2026-02-03House First Readers (House)
2026-02-02House Hopper (House)

Topics

corporate transparency
landlord disclosure
multifamily housing
Secretary of State filings
rental property ownership

Ask about this bill

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