Henry Stern
- Democratic
- Senator
- District 27
Author
Existing law generally regulates the transfer of real property, including by prohibiting, on or after January 1, 2019, the creation of a transfer fee, except as provided. Existing law defines "transfer fee" to mean, subject to certain exceptions, a fee payment requirement imposed within a covenant, restriction, or condition contained in a deed, contract, security instrument, or other document affecting the transfer or sale of, or any interest in, real property that requires a fee be paid as a result of transfer of the real property. This bill would additionally exempt from that provision private transfer fee covenants if specified requirements are met, including that the covenants are created pursuant to an agreement entered into before June 1, 2009, the covenants are applicable to land that is identified in the agreement, and the agreement was in settlement of litigation or approved by a government agency or body.
Read second time. Ordered to consent calendar.
From committee: Do pass. Ordered to consent calendar. (Ayes 11. Noes 0.) (July 2).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 39. Noes 0. Page 4017.) Ordered to the Assembly.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 11. Noes 0. Page 3820.) (April 30).
Set for hearing April 30.
From printer. May be acted upon on or after March 18.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1399 | HTML |
| 02/16/24 - Introduced | |
| 06/25/24 - Amended Assembly |
| Document | Format |
|---|---|
| 04/26/24- Senate Judiciary | |
| 05/03/24- Sen. Floor Analyses | |
| 06/28/24- Assembly Judiciary |
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