New California Law Affects HOA Rental Restrictions

California Assembly Bill AB 3182 changes homeowner association rental restrictions.

 

Despite fierce opposition, California Governor Newsom signed Assembly Bill 3182 into law on September 29, 2020.

 

AB 3182 creates a new Civil Code Section 4741 which voids rental limits below 25% of the members. Per Civil Code 4741, a condominium or stock cooperative association may not unreasonably restrict the rental or leasing of the owner’s unit.

 

Will AB 3182 help to solve the #CaliforniaHousingCrisis?

 

Join Pete Sabine and Leslie Whitney as they discuss the changes and potential impact on the California housing market.

 

:47 Intro

1:13 New Civil Code 4741

3:13 The intent of AB 3182

4:14 New rental restriction rules

4:53 Impact on Short Term and Transient Rentals

5:53 Owner-Occupied Rentals

6:55 What is an Unreasonable Rental Requirement?

7:59 Tenants Abiding by HOA Rules

10:34 HOAs Must Amend Rules to Comply with AB 3182

12:00 HOA Rental Restrictions

13:59 HOA Approval Contingency in your Purchase Contract

14:56 Wrap Up

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