CA SB434

Requires a managing agent of a common interest development to produce client property and client records to the association within 30 days of management agreement termination or receipt of written request, whichever is later.

Allows the managing agent and association to agree in writing to extend the 30-day production deadline.

Mandates that client records be produced in a format the association can reasonably use, with the managing agent not required to provide records in multiple formats.

Exempts managing agents from producing records that have been lost or destroyed due to unforeseen circumstances (including data corruption) or that have been purged according to a document retention policy approved by the association board.

Defines "client property" as physical property like manuals and keys, and "client records" as information maintained by the managing agent that is legally required or reasonably necessary for association operations, excluding working papers and internal communications.