AB 739
Common interest developments: managing agent fees.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
In Floor Process
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill aims to increase transparency and accountability in common interest developments by requiring associations to provide members with a detailed statement of all fees charged by their managing agents. It also mandates the Department of Real Estate to develop and offer an education course for executive officers on their fiduciary duties, management responsibilities, and the Davis-Stirling Act. Furthermore, the bill requires annual review of managing agent fees by the board of directors and electronic delivery of fee statements upon request.
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