ADU + Main Residence: 2 Unit Condo Project !
The California legislature passed AB 1033 and AB 976, both effective January 1, 2024. AB 1033 authorizes a local agency (i.e. City or County) to adopt a local ordinance to allow separate conveyance of the primary dwelling unit and accessory dwelling unit or units as condominiums, as specified in the bill.
If you are the President of a Realtors Association and your association has members whose clients would benefit from the above change, you need to contact the Mayor of your City, members of the City Council and/or the City Attorney and urge enactment of a local ordinance consistent with AB 1033 and AB 976.
I can help you and your clients comply with the Davis-Stirling Common Interest Development Act and the Subdivision Map Act, both of which are referenced in the new laws, so as to add value to your clients property.
619.531.8858.
Property Supervisor at Robert L. Jensen & Associates
1yAs great as this sounds, this is going to be a horrible disaster in 40 years. Anyone with condominium HOA involvement will know what I mean. I hope those governing docs people put together for their "condos" have some pretty detailed language...
Owner/Managing Broker | FW Property Group
1yGood post Brian! I built an ADU in Encinitas as an Owner Builder in case you have any clients who need a real estate professional with this expertise.