Bill > SF2448

This bill, effective July 1, 2026, makes changes to laws concerning residential real estate, specifically regarding unit owners associations and home inspection disclosures. For unit owners associations (HOAs), it mandates that they provide a certification detailing whether dues, fees, or assessments are paid in full or are delinquent, and also identify any future approved charges. Additionally, HOAs must disclose all fees associated with transferring ownership within a common interest community, which refers to a development where individual property owners share ownership of common areas. The bill also clarifies that HOAs, their designees, or management companies can charge reasonable fees for providing records and documents, including the costs of creating and distributing the required certification, and must provide documentation to support these fees upon request. Regarding home inspections, sellers will now have the right to receive, free of charge, the portions of a home inspection report that relate to any repair requests made by the buyer; if the buyer fails to provide these portions, the seller can cancel the purchase contract without penalty.