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CA AB968
Bill
Status
7/21/2023
Primary Sponsor
Tim Grayson
Click for details
AI Summary
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Sellers of single-family residential properties must disclose to buyers any room additions, structural modifications, alterations, or repairs performed by contractors within 18 months of acquiring the property.
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Sellers must provide the names and contact information of contractors hired for work exceeding the threshold specified in Business and Professions Code Section 7027.2.
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Sellers must provide copies of any permits obtained for disclosed work, or if a third party contractor obtained permits, inform the buyer how to contact that third party for permit information.
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Sellers may alternatively satisfy disclosure obligations by providing a contractor-supplied list of work performed.
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Requirements apply to sales where the seller accepts an offer on or after July 1, 2024.
Legislative Description
Single-family residential property: disclosures.
Last Action
Chaptered by Secretary of State - Chapter 95, Statutes of 2023.
7/21/2023