WebOct 20, 2024 · New Civil Code § 5551 only applies to condominium buildings containing three or more units. It requires associations in applicable condominium projects to perform a periodic inspection of condo balconies and other load bearing elements that extend beyond the exterior walls of the building—such as decks, stairways, walkways, and their … Webbalcony structural or dry rot repairs, walkway or balcony drain line cleanouts, etc.) 2) Special Assessment (for non-Reserve projects – expenses not qualifying as a Reserve Project) 3) Loan (similar to above – expenses not qualifying as a Reserve project) 4) Construction Defect litigation/award (a path possible for “younger” associations)
SB326 – The Balcony Inspection Provisions of the Bill – How Will …
WebJul 29, 2024 · The main difference between the laws is that SB721 applies to apartment owners, and SB326 applies to condominium owners. In 2024, Senate Bill 721 —now defined as Section 17973 of the California Health and Safety Code—was approved and is applicable to buildings with three or more linked units. Senate Bill 326, now defined as Section. 5551 … WebAug 30, 2024 · SB 326, Hill. Common interest developments. The Davis-Stirling Common Interest Development Act governs the management and operation of common interest … extended stay ft. worth
Senate Bill No. 326 - California Deck Inspection
WebThe passage of SB 326 in 2024 imposed essentially the same requirements on HOAs with a deadline of 2025 except with a repetition requirement of every nine years instead of six. The new law is ... WebSigned into law on August 30, 2024, Senate Bill 326 closes that gap. This second balcony inspection bill specifically focuses on common interest development buildings. While the … WebHome Balcony Inspections – SB 326: The Balcony Bill. On August 30, 2024, Governor Newsom signed Senate Bill No. 326 (S.B. 326) into law, adding Civil Code section 5551 to … extended stay furnished apartments troy mi