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, for any transfer or sale of a single-family residential property on or after January 1, 2026, would require a seller of a single-family residential property that was constructed after the structure previously on the property was destroyed by an event for which a state of emergency or local emergency was declared and for which a certificate of occupancy was issued on or after January 1, 2025, to disclose to the buyer specified additional information, including the name and license numbers of any contractors that performed work on the property, the permits obtained to rebuild the property, and the names and license numbers of any third parties that performed work on the property that requires a license.
Statutes affected: SB 237: 15653 WIC
01/29/25 - Introduced: 15653 WIC
03/20/25 - Amended Senate: 15653 WIC