Would lengthen the time in which an association may extend the termination date of the CC&Rs from 20 years to 25 years.
Current Status: Pending
FindHOALaw Quick Summary:
Existing law provides that CC&Rs which specify a termination date, but do not contain a provision to extend the termination date, may be extended by a vote of the members, except that no single extension may exceed the initial term of the CC&Rs or 20 years, whichever is less. This bill would amend Civil Code Section 4265 to prohibit a single extension of the terms of the CC&Rs from exceeding the initial term or 25 years, whichever is less.
To read the current text of AB 1917, click here to the view the bill’s page on the California Legislature’s website. FindHOALaw will continue to track AB 1917 as it progresses through the Legislature.
from the California Legislature's website