California Senate Bill 900, which was signed into law in September 2024, has brought significant changes to the California Civil Code by amending Sections 4775 and 5610(c). Under the updated Section 4775, unless otherwise specified in an association’s declaration, the association is now responsible for repairs and replacements related to interruptions in gas, heat, water, or electrical services that originate in the common area, even if they extend to other areas. If an association faces financial challenges due to these added responsibilities and lacks sufficient reserve funds, it can secure a loan without needing a member vote and levy an emergency assessment to repay the loan. Read the article…………………………….
Related Post
January 27, 2014
Comments are closed.