Bill Commons

CA AB 1240

in committee

Single-family residential real property: corporate entity: ownership.

California · 2025-2026 Regular Session · lower

Quick answers

Did CA AB 1240 pass?

Not yet. CA AB 1240 is in committee as of 2025-06-19 and has not come to a final vote. Latest recorded 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.

What is CA AB 1240 about?

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. This bill would prohibit a business entity, as defined, that has an interest in more than 1,000 single-family residential properties from purchasing, acquiring, or otherwise obtaining an ownership interest in another single-family residential property and subsequently leasing the property, as specified. The bill would authorize the Attorney General to bring a civil action for a violation of these provisions, and would require a court in a civil action in which the Attorney General prevails to order specified relief, including that the business entity pay a civil penalty of $100,000 for each violation and that the business entity sell the property to an independent third party within one year of the date that the court enters judgment. The bill would require that these provisions be the exclusive means of enforcement of these provisions. The bill would define various terms for these purposes.

Who sponsors CA AB 1240?

Lee is the primary sponsor of CA AB 1240, joined by 1 cosponsor.

Description

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. This bill would prohibit a business entity, as defined, that has an interest in more than 1,000 single-family residential properties from purchasing, acquiring, or otherwise obtaining an ownership interest in another single-family residential property and subsequently leasing the property, as specified. The bill would authorize the Attorney General to bring a civil action for a violation of these provisions, and would require a court in a civil action in which the Attorney General prevails to order specified relief, including that the business entity pay a civil penalty of $100,000 for each violation and that the business entity sell the property to an independent third party within one year of the date that the court enters judgment. The bill would require that these provisions be the exclusive means of enforcement of these provisions. The bill would define various terms for these purposes.

Introduced
2025-02-21
Latest 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.
Bill type
bill
Last updated
—

Subjects

Sponsors

  • Leeauthor
  • Pérezprincipal coauthor

Committees

Not provided by source.

Action timeline

  1. 2025-02-21

    Introduced. To print.

    introduction

  2. 2025-02-22

    From printer. May be heard in committee March 24.

  3. 2025-02-24

    Read first time.

    reading-1

  4. 2025-03-13

    Referred to Com. on JUD.

    referral-committee

  5. 2025-03-26

    From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 1.) (March 25). Re-referred to Com. on APPR.

    committee-passage,committee-passage-favorable,referral-committee

  6. 2025-04-09

    In committee: Set, first hearing. Referred to APPR. suspense file.

    referral-committee

  7. 2025-05-23

    From committee: Do pass. (Ayes 11. Noes 2.) (May 23).

    committee-passage,committee-passage-favorable

  8. 2025-05-27

    Read second time. Ordered to third reading.

    reading-1,reading-2,reading-3

  9. 2025-06-03

    Read third time. Passed. Ordered to the Senate. (Ayes 42. Noes 18. Page 2005.)

    passage,reading-1,reading-3

  10. 2025-06-04

    In Senate. Read first time. To Com. on RLS. for assignment.

    reading-1,referral-committee

  11. 2025-06-18

    Referred to Com. on JUD.

    referral-committee

  12. 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.

    amendment-introduction,amendment-passage,committee-passage,reading-1,reading-2,referral-committee

Versions

Documents

Votes

  • Do pass and be re-referred to the Committee on [Appropriations]

    2025-03-25 · pass · 9-1

    Member-level votes (12)
    • Zbur: yes
    • Harabedian: yes
    • Kalra: yes
    • Essayli: yes
    • Bauer-Kahan: yes
    • Pacheco: yes
    • Connolly: yes
    • Stefani: yes
    • Bryan: yes
    • Dixon: no
    • Papan: other
    • Sanchez: other

  • Do pass.

    2025-05-23 · pass · 11-2

    Member-level votes (15)
    • Calderon: yes
    • Elhawary: yes
    • Hart: yes
    • Mark González: yes
    • Arambula: yes
    • Pacheco: yes
    • Solache: yes
    • Caloza: yes
    • Wicks: yes
    • Pellerin: yes
    • Fong: yes
    • Dixon: no
    • Tangipa: no
    • Ta: other
    • Sanchez: other

  • AB 1240 Lee Assembly Third Reading

    2025-06-03 · pass · 42-18

    Member-level votes (79)
    • Berman: yes
    • Zbur: yes
    • Celeste Rodriguez: yes
    • Bonta: yes
    • Rivas: yes
    • Fong: yes
    • Harabedian: yes
    • Elhawary: yes
    • Valencia: yes
    • Wicks: yes
    • Bennett: yes
    • Haney: yes
    • Muratsuchi: yes
    • Schiavo: yes
    • Gabriel: yes
    • Mark González: yes
    • Ransom: yes
    • Addis: yes
    • Kalra: yes
    • Lowenthal: yes
    • Lee: yes
    • Ortega: yes
    • Calderon: yes
    • Patel: yes
    • Ward: yes
    • Irwin: yes
    • Krell: yes
    • Sharp-Collins: yes
    • Bryan: yes
    • Boerner: yes
    • Garcia: yes
    • Stefani: yes
    • McKinnor: yes
    • Connolly: yes
    • Alvarez: yes
    • Ahrens: yes
    • Jackson: yes
    • Schultz: yes
    • Arambula: yes
    • Rogers: yes
    • Hart: yes
    • Macedo: yes
    • Davies: no
    • Jeff Gonzalez: no
    • Sanchez: no
    • DeMaio: no
    • Ellis: no
    • Alanis: no
    • Hadwick: no
    • Gallagher: no
    • Wallis: no
    • Ávila Farías: no
    • Hoover: no
    • Flora: no
    • Chen: no
    • Papan: no
    • Bains: no
    • Ramos: no
    • Dixon: no
    • Wilson: no
    • Tangipa: other
    • Blanca Rubio: other
    • Castillo: other
    • Bauer-Kahan: other
    • Quirk-Silva: other
    • Caloza: other
    • Nguyen: other
    • Ta: other
    • Carrillo: other
    • Patterson: other
    • Lackey: other
    • Michelle Rodriguez: other
    • Pellerin: other
    • Gipson: other
    • Petrie-Norris: other
    • Aguiar-Curry: other
    • Soria: other
    • Pacheco: other
    • Solache: other

Related bills

No related bills recorded for this bill.

Official source

http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB1240

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T01:34:27.960412Z

Inspect retained evidence for changes recorded after evidence tracking began:

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