Amended IN Assembly March 02, 2023 CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 968Introduced by Assembly Member GraysonFebruary 14, 2023 An act to amend add Section 1102 of 1102.6h to the Civil Code, relating to real property. LEGISLATIVE COUNSEL'S DIGESTAB 968, as amended, Grayson. Residential real property: disclosures.Existing law requires that specified disclosures be made upon any transfer by sale, exchange, real property sales contract, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements, of any single-family residential property. Existing law, after July 1, 2022, requires that every contract for the sale of single-family residential real property contain a notice stating that any appraisal of the property is required to be unbiased, objective, and not influenced by improper or illegal considerations.This bill would require the seller of a single-family residential property that was purchased by the seller in the previous 24 months to disclose all renovations made to the property by the seller, the name of each contractor that performed any of those renovations, and whether a permit was obtained for each renovation.Existing law requires that specified disclosures be made upon any transfer by sale, exchange, real property sales contract, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements of any single-family residential property.This bill would make a nonsubstantive change to that provision.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 1102.6h is added to the Civil Code, to read:1102.6h. (a) A seller of a single-family residential property that was purchased by the seller in the previous 24 months, in addition to any other disclosure required pursuant to this article, shall disclose to the prospective buyer all of the following:(1) All renovations made to the property by the seller since purchase.(2) The name of each contractor that performed any of the renovations disclosed under paragraph (1).(3) Whether a permit was obtained for each of the renovations disclosed under paragraph (1).(b) This section shall apply to the sale of a single-family residential property where the parties enter into a contract or agreement for the property on or after January 1, 2024.SECTION 1.Section 1102 of the Civil Code is amended to read:1102.(a)Except as provided in Section 1102.2, this article applies to any transfer by sale, exchange, real property sales contract as defined in Section 2985, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements of any single-family residential property.(b)For the purposes of this article, the definitions contained in Chapter 1 (commencing with Section 10000) of Part 1 of Division 4 of the Business and Professions Code shall apply.(c)Any waiver of the requirements of this article is void as against public policy.
Amended IN Assembly March 02, 2023 CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION Assembly Bill No. 968Introduced by Assembly Member GraysonFebruary 14, 2023 An act to amend add Section 1102 of 1102.6h to the Civil Code, relating to real property. LEGISLATIVE COUNSEL'S DIGESTAB 968, as amended, Grayson. Residential real property: disclosures.Existing law requires that specified disclosures be made upon any transfer by sale, exchange, real property sales contract, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements, of any single-family residential property. Existing law, after July 1, 2022, requires that every contract for the sale of single-family residential real property contain a notice stating that any appraisal of the property is required to be unbiased, objective, and not influenced by improper or illegal considerations.This bill would require the seller of a single-family residential property that was purchased by the seller in the previous 24 months to disclose all renovations made to the property by the seller, the name of each contractor that performed any of those renovations, and whether a permit was obtained for each renovation.Existing law requires that specified disclosures be made upon any transfer by sale, exchange, real property sales contract, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements of any single-family residential property.This bill would make a nonsubstantive change to that provision.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
Amended IN Assembly March 02, 2023
Amended IN Assembly March 02, 2023
CALIFORNIA LEGISLATURE 20232024 REGULAR SESSION
Assembly Bill
No. 968
Introduced by Assembly Member GraysonFebruary 14, 2023
Introduced by Assembly Member Grayson
February 14, 2023
An act to amend add Section 1102 of 1102.6h to the Civil Code, relating to real property.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 968, as amended, Grayson. Residential real property: disclosures.
Existing law requires that specified disclosures be made upon any transfer by sale, exchange, real property sales contract, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements, of any single-family residential property. Existing law, after July 1, 2022, requires that every contract for the sale of single-family residential real property contain a notice stating that any appraisal of the property is required to be unbiased, objective, and not influenced by improper or illegal considerations.This bill would require the seller of a single-family residential property that was purchased by the seller in the previous 24 months to disclose all renovations made to the property by the seller, the name of each contractor that performed any of those renovations, and whether a permit was obtained for each renovation.Existing law requires that specified disclosures be made upon any transfer by sale, exchange, real property sales contract, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements of any single-family residential property.This bill would make a nonsubstantive change to that provision.
Existing law requires that specified disclosures be made upon any transfer by sale, exchange, real property sales contract, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements, of any single-family residential property. Existing law, after July 1, 2022, requires that every contract for the sale of single-family residential real property contain a notice stating that any appraisal of the property is required to be unbiased, objective, and not influenced by improper or illegal considerations.
This bill would require the seller of a single-family residential property that was purchased by the seller in the previous 24 months to disclose all renovations made to the property by the seller, the name of each contractor that performed any of those renovations, and whether a permit was obtained for each renovation.
Existing law requires that specified disclosures be made upon any transfer by sale, exchange, real property sales contract, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements of any single-family residential property.
This bill would make a nonsubstantive change to that provision.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 1102.6h is added to the Civil Code, to read:1102.6h. (a) A seller of a single-family residential property that was purchased by the seller in the previous 24 months, in addition to any other disclosure required pursuant to this article, shall disclose to the prospective buyer all of the following:(1) All renovations made to the property by the seller since purchase.(2) The name of each contractor that performed any of the renovations disclosed under paragraph (1).(3) Whether a permit was obtained for each of the renovations disclosed under paragraph (1).(b) This section shall apply to the sale of a single-family residential property where the parties enter into a contract or agreement for the property on or after January 1, 2024.SECTION 1.Section 1102 of the Civil Code is amended to read:1102.(a)Except as provided in Section 1102.2, this article applies to any transfer by sale, exchange, real property sales contract as defined in Section 2985, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements of any single-family residential property.(b)For the purposes of this article, the definitions contained in Chapter 1 (commencing with Section 10000) of Part 1 of Division 4 of the Business and Professions Code shall apply.(c)Any waiver of the requirements of this article is void as against public policy.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 1102.6h is added to the Civil Code, to read:1102.6h. (a) A seller of a single-family residential property that was purchased by the seller in the previous 24 months, in addition to any other disclosure required pursuant to this article, shall disclose to the prospective buyer all of the following:(1) All renovations made to the property by the seller since purchase.(2) The name of each contractor that performed any of the renovations disclosed under paragraph (1).(3) Whether a permit was obtained for each of the renovations disclosed under paragraph (1).(b) This section shall apply to the sale of a single-family residential property where the parties enter into a contract or agreement for the property on or after January 1, 2024.
SECTION 1. Section 1102.6h is added to the Civil Code, to read:
### SECTION 1.
1102.6h. (a) A seller of a single-family residential property that was purchased by the seller in the previous 24 months, in addition to any other disclosure required pursuant to this article, shall disclose to the prospective buyer all of the following:(1) All renovations made to the property by the seller since purchase.(2) The name of each contractor that performed any of the renovations disclosed under paragraph (1).(3) Whether a permit was obtained for each of the renovations disclosed under paragraph (1).(b) This section shall apply to the sale of a single-family residential property where the parties enter into a contract or agreement for the property on or after January 1, 2024.
1102.6h. (a) A seller of a single-family residential property that was purchased by the seller in the previous 24 months, in addition to any other disclosure required pursuant to this article, shall disclose to the prospective buyer all of the following:(1) All renovations made to the property by the seller since purchase.(2) The name of each contractor that performed any of the renovations disclosed under paragraph (1).(3) Whether a permit was obtained for each of the renovations disclosed under paragraph (1).(b) This section shall apply to the sale of a single-family residential property where the parties enter into a contract or agreement for the property on or after January 1, 2024.
1102.6h. (a) A seller of a single-family residential property that was purchased by the seller in the previous 24 months, in addition to any other disclosure required pursuant to this article, shall disclose to the prospective buyer all of the following:(1) All renovations made to the property by the seller since purchase.(2) The name of each contractor that performed any of the renovations disclosed under paragraph (1).(3) Whether a permit was obtained for each of the renovations disclosed under paragraph (1).(b) This section shall apply to the sale of a single-family residential property where the parties enter into a contract or agreement for the property on or after January 1, 2024.
1102.6h. (a) A seller of a single-family residential property that was purchased by the seller in the previous 24 months, in addition to any other disclosure required pursuant to this article, shall disclose to the prospective buyer all of the following:
(1) All renovations made to the property by the seller since purchase.
(2) The name of each contractor that performed any of the renovations disclosed under paragraph (1).
(3) Whether a permit was obtained for each of the renovations disclosed under paragraph (1).
(b) This section shall apply to the sale of a single-family residential property where the parties enter into a contract or agreement for the property on or after January 1, 2024.
(a)Except as provided in Section 1102.2, this article applies to any transfer by sale, exchange, real property sales contract as defined in Section 2985, lease with an option to purchase, any other option to purchase, or ground lease coupled with improvements of any single-family residential property.
(b)For the purposes of this article, the definitions contained in Chapter 1 (commencing with Section 10000) of Part 1 of Division 4 of the Business and Professions Code shall apply.
(c)Any waiver of the requirements of this article is void as against public policy.