Ground rent on hotel land can't count density bonuses that aren't yet approved
When ground rent under an existing lease is set or reset for land with an operating hotel or motel, the land can't be valued using density bonuses, concessions or waivers unless those are already approved and vested on the valuation date.
Who it affects
Hotel and motel operators who lease land, and their landlords
When
This law takes effect on January 1, 2027. California laws take effect on January 1 of the year after they are signed, unless the law says otherwise.
- : Signed into law
- : This law takes effect
Official text
California AB 2181: Housing development: density bonuses: rent.
On California Legislative Information. The official text is what counts; read it before you act.
Not legal advice. Plain-English summaries to help you find what changes and when. Not legal advice: read the official text, and ask a lawyer about your situation.