August 1997 As part of the Taxpayer Relief Act of 1997, President Clinton signs into law the REIT Simplification Act of 1997. Among other items, this allows a REIT to provide a small amount of non-customary services to its tenants without disqualifying the other rents collected from them. Also, changes were made permitting the creation of timber REITs.

Learn more about the REIT Simplification Act.

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Watch a video with NAREIT Executive Vice President and General Counsel Tony Edwards discussing the REIT Simplification Act.