California AB2692 allows for the reinstatement of terminated declarations for common interest developments in Los Angeles County damaged by the 2025.

California AB2692 enables the reinstatement of terminated declarations for common interest developments in Los Angeles County that were damaged or destroyed by the 2025 Palisades and Eaton Fires. The reinstatement requires approval from a specified percentage of members, certification by the designated officer or the association president, and recording in the county recorder’s office. The reinstated declaration’s terms extend to the lesser of the initial term or 20 years. This act is urgent and takes immediate effect to prevent displacement and promote rebuilding.

California AB2692 allows for the reinstatement of terminated declarations for common interest developments in Los Angeles County damaged by the 2025.

California AB2692 enables the reinstatement of terminated declarations for common interest developments in Los Angeles County that were damaged or destroyed by the 2025 Palisades and Eaton Fires. The reinstatement requires approval from a specified percentage of members, certification by the designated officer or the association president, and recording in the county recorder’s office. The reinstated declaration’s terms extend to the lesser of the initial term or 20 years. This act is urgent and takes immediate effect to prevent displacement and promote rebuilding.