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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

GOVERNOR SIGNS LANDLORD/TENANT BILLS

November 29, 2012

The governor has signed two bills we supported that address issues relating to tenant improvements and foreclosures on residential properties:

AB 1925 (Ma; D-San Francisco) establishes a “reasonable rate” which a landlord must pay a tenant to temporarily relocate in order to make repairs or capital improvements to the unit. Although the bill is limited to the City and County of San Francisco, it establishes a reasonable daily rate of $275 for tenants who must temporarily vacate their units (defined as 20 days or less).

AB 2273 (Wieckowski; D-Fremont) requires timely recordation of foreclosure sales. Specifically, it provides full disclosure and transparency in real estate transactions by requiring every foreclosure sale to be recorded within 30 days of the sale, or 15 days if the HOA recorded a Request for Notification.

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