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<ns0:Id>20250SB__109098AMD</ns0:Id>
<ns0:VersionNum>98</ns0:VersionNum>
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<ns0:ActionText>INTRODUCED</ns0:ActionText>
<ns0:ActionDate>2026-02-13</ns0:ActionDate>
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<ns0:ActionText>AMENDED_SENATE</ns0:ActionText>
<ns0:ActionDate>2026-03-25</ns0:ActionDate>
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<ns0:SessionYear>2025</ns0:SessionYear>
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<ns0:AuthorText authorType="LEAD_AUTHOR">Introduced by Senator Pérez</ns0:AuthorText>
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<ns0:House>SENATE</ns0:House>
<ns0:Name>Pérez</ns0:Name>
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<ns0:Title>An act to add Chapter 4 (commencing with Section 860) to Title 3 of Part 2 of Division 2 of the Civil Code, relating to housing.</ns0:Title>
<ns0:RelatingClause>housing</ns0:RelatingClause>
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<ns0:Subject>Offers of purchase: real property damaged by wildfire disaster.</ns0:Subject>
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<html:p>Existing law describes the rights and obligations of owners of real property, including that the owner of land in fee has the right to the surface and to everything permanently situated beneath or above it.</html:p>
<html:p>This bill would prohibit any individual or entity that owns, directly or indirectly, 75 or more single-family properties from making an unsolicited offer to purchase real property that is located in an area affected by a wildfire disaster for which a state of emergency has been proclaimed by the Governor or the President of the United States. The bill would apply this prohibition for 5 years commencing on the date that the state of emergency is proclaimed. The bill would make its provisions severable.</html:p>
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<ns0:VoteRequired>MAJORITY</ns0:VoteRequired>
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<ns0:Preamble>The people of the State of California do enact as follows:</ns0:Preamble>
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<ns0:Num>SECTION 1.</ns0:Num>
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Chapter 4 (commencing with Section 860) is added to Title 3 of Part 2 of Division 2 of the
<ns0:DocName>Civil Code</ns0:DocName>
, to read:
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<ns0:Num>4.</ns0:Num>
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<ns0:LawHeadingText>Real Property Damaged by Wildfire Disaster</ns0:LawHeadingText>
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<ns0:Num>860.</ns0:Num>
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(a)
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(1)
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Subject to paragraph (2), an institutional investor shall not make an unsolicited offer to purchase real property, including, but not limited to, any lot, parcel, or home, that is located in an area affected by a wildfire disaster for which a state of emergency has been proclaimed by the Governor pursuant to Section 8625 of the Government Code or by the President of the United States.
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(2)
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The prohibition of paragraph (1) shall apply for five years commencing on the date that the state of emergency is proclaimed for the wildfire disaster.
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(b)
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For purposes of this section, “institutional investor” means, with respect to any taxable year, any
individual or entity that owns, directly or indirectly, 75 or more single-family properties.
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(c)
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If any part of subdivision (a), or the application of the provision to any person or circumstances, is held invalid, the remainder of the subdivision to the extent it can be given effect, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby, and to this end the provisions of this section are severable.
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