California AB2181 modifies density bonus requirements for hotels and motels, ensuring they are not valued based on bonuses unless fully entitled and.

California AB2181 adds a new section to the Government Code, altering the requirements for obtaining a density bonus for hotels and motels. Specifically, it states that land improved with an operating hotel or motel cannot be valued based on density bonuses, concessions, incentives, or waivers unless those density increases are entitled and vested as of the valuation date, including all required discretionary land use approvals and permits. This change aims to ensure that density bonuses are not factored into ground rent calculations unless fully entitled and vested.

California AB2181 modifies density bonus requirements for hotels and motels, ensuring they are not valued based on bonuses unless fully entitled and.

California AB2181 adds a new section to the Government Code, altering the requirements for obtaining a density bonus for hotels and motels. Specifically, it states that land improved with an operating hotel or motel cannot be valued based on density bonuses, concessions, incentives, or waivers unless those density increases are entitled and vested as of the valuation date, including all required discretionary land use approvals and permits. This change aims to ensure that density bonuses are not factored into ground rent calculations unless fully entitled and vested.