Bill To Ban Corporate-Owned Single-Family Home Rentals Passes Assembly AB 1240 passed the Assembly Floor on June 3, 2025 “Mega corporations are targeting homes for first-time homebuyers,” said Assemblymember Lee “They’re buying up our limited supply of homes and capitalizing on rising rents The deep pockets of Wall Street are depriving the working people of homeownership opportunities
Bill tracking in California - AB 1240 (2025-2026 legislative session . . . Existing law provides that real property within the state is governed by the law of this state, except where title is in the United States Existing law generally regulates the obligations of owners with respect to real property
AB 1240: Single-family residential real property: corporate entity . . . Existing law provides that real property within the state is governed by the law of this state, except where title is in the United States Existing law generally regulates the obligations of owners with respect to real property
CA AB1240 | 2025-2026 | Regular Session - LegiScan Action: 2025-06-19 - From committee chair, with author's amendments: Amend, and re-refer to committee Read second time, amended, and re-referred to Com on JUD An act to add Title 8 (commencing with Section 945 20) to Part 2 of Division 2 of the Civil Code, relating to real property
With AB 1240, California Is Finally Moving to Regulate Corporate . . . California State Assembly Member Alex Lee and State Senator Sasha Pérez have put forward AB 1240, which would restrict corporate landlords from owning more than 1,000 single-family homes While SAJE appreciates the effort behind motion, we do not think it goes far enough
CA AB1240 | BillTrack50 This bill aims to restrict large corporate entities from purchasing and leasing single-family residential properties in California
AB-1240: Single-family residential real property: corporate entity . . . The bill defines business entities broadly to include corporations, partnerships, real estate investment trusts, and similar organizations, while specifically exempting nonprofit organizations and companies primarily engaged in new housing construction Under the proposal, a single-family residential property refers to a detached dwelling unit with an issued certificate of occupancy on a