Navigating the 2025 California Real Estate Laws

Navigating the 2025 California Real Estate Laws

As we step into 2025, California's real estate landscape is evolving with new laws that aim to protect and empower both homeowners and renters.

For those residing in the vibrant city of Los Angeles, understanding these changes is crucial. From buyer representation agreements to balcony inspection deadlines, these laws are set to impact how we buy, sell, and manage properties. Let's delve into these legislative updates and explore how they can benefit you.

  • Buyer Representation Agreements – AB 2992

This law mandates that buyers rep agreements clearly outline the amount of compensation, when it is due, the services to be rendered, and the terms for contract termination. This transparency is a win for homebuyers, ensuring clarity and fairness in their dealings with real estate agents. Whether you're eyeing your dream home with views or an investment property knowing exactly what to expect from your real estate agent can make the buying process smoother and more secure.

  • Foreclosure Sale Extensions – AB 2424

For homeowners facing foreclosure, AB 2424 offers a lifeline. If a seller in foreclosure signs a listing and delivers it to the trustee, they are entitled to a 45-day extension of the trustee’s sale. Additionally, entering into a contract to sell can grant a further extension. This law provides homeowners with valuable time to explore options and potentially avoid foreclosure. In a city like Los Angeles, where property values are significant, this extra time can be crucial for homeowners looking to preserve their investment.

  • Balcony Inspection Deadline Extended – AB 2579

Safety is paramount, and AB 2579 addresses this by extending the deadline for mandatory balcony inspections from January 1, 2025, to January 1, 2026. However, this extension does not apply to condo associations. For buildings with three or more units, where balconies, decks, or stairways extend beyond the exterior walls, inspections are required. This law ensures that structures are safe and sound, providing peace of mind to residents in Los Angeles, where outdoor living spaces are cherished.

  • Move-In, Move-Out, and Post-Repair Photos – AB 2801

AB 2801 introduces a new level of transparency in rental agreements. Landlords are now required to take photographs when making deductions from a tenant's deposit. This includes photos at move-in, move-out, and after repairs or cleaning. 

  • Obligation of Positive Credit Reporting – AB 2747

AB 2747 is a game-changer for tenants looking to build their credit. This law requires landlords to offer tenants the option of having their positive rental payment information reported to at least one nationwide consumer reporting agency. While small, non-corporate landlords are generally exempt, this law can help renters in Los Angeles improve their credit scores, making it easier to secure loans or future rentals. In a competitive market like LA, where creditworthiness can impact housing opportunities, this law is a significant benefit.

Whether you're a first-time homebuyer or a seasoned investor, staying informed about these laws is essential.

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My team and I here to help you navigate these changes and make informed decisions about your real estate journey. Whether you're buying, selling, or renting, our team of experts is ready to assist you.

📲 Contact us today to learn more about how these laws can impact your real estate plans in Los Angeles. Let's work together to make your real estate dreams a reality.

 

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