Common interest developments: management.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Passed
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill amends the Davis-Stirling Common Interest Development Act to clarify the definition of ‘agent’ within the context of common interest developments. It expands the definition to include individuals or companies facilitating specified activities, such as reviewing association operating accounts, and establishes a duty of care for these agents. The bill also modifies requirements for owner disclosure of association documents, including annual budgets and insurance policies, to provide greater transparency and access to property owners.
Key provisions
- Expands the definition of ‘agent’ to include those facilitating specified common interest development activities.
- Establishes a duty of care for agents reviewing association operating accounts.
- Requires owners to be able to obtain key association documents, including the master insurance policy, upon request.
- Modifies owner disclosure requirements for annual budgets, financial statements, and policy statements.
- Adds a requirement for including information about exterior elevated elements and their impact on units in owner disclosures.
- Clarifies the definition of ‘management services’ to include acts performed by agents.
- Updates the definition of ‘common interest development manager’ to include certain entities.
- Requires the association to provide a report detailing the location of specific facts about exterior elevated elements in inspection reports.
Who is affected
Bill text
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Sponsors
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1 on record
Primary sponsor
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