HOA boards must review a yearly statement of their management company's fees
Homeowner association boards must review, once a year, a statement of everything billed and paid to the managing agent, broken down by type such as base management fees. Members can inspect and copy the statement as an association record.
Who it affects
Homeowner association boards, members and management companies
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 739: Common interest developments: managing agent fees.
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.