AB 1240 California Assembly · 2025-2026 Regular Session

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

Summary
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.
Bill status passed 3 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Jun 2025
Assembly Passage
Jun 2025
Senate Passage
Governor
Introduced Feb 21, 2025 Last action Jun 19, 2025
Floor votes · Assembly Jun 3, 2025

How they voted

4217
Passed · 19 other
Total votes 78
Jun 3, 2025
D Democratic59
41 Yea 4 Nay 14
69% Yea
R Republican19
1 Yea 13 Nay 5
68% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
12
Key actions
4
Committee
6
Amendments
1
Jun 19, 2025
Introduced
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on JUD.
upper
Jun 18, 2025
Committee
Referred to Com. on JUD.
upper
Jun 3, 2025
Lower · Passed
Read third time. Passed. Ordered to the Senate. (Ayes 42. Noes 18. Page 2005.)
lower
May 23, 2025
Lower · Passed
From committee: Do pass. (Ayes 11. Noes 2.) (May 23).
lower
Apr 9, 2025
Committee
In committee: Set, first hearing. Referred to APPR. suspense file.
lower
Mar 26, 2025
Lower · Passed
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 1.) (March 25). Re-referred to Com. on APPR.
lower
Mar 13, 2025
Committee
Referred to Com. on JUD.
lower
Feb 22, 2025
Lower · Passed
From printer. May be heard in committee March 24.
lower
Feb 21, 2025
Introduced
Introduced. To print.
lower
1 primary · 1 co-sponsor

Sponsors