Assembly BillPassed first houseCivil
AB 1240: Single-family residential real property: corporate entity: ownership.
What AB 1240 does, verified December 7, 2025
This bill prohibits a business entity with an interest in over 1,000 single-family residential properties from acquiring another single-family residential property and leasing it. The entity would be subject to a $100,000 civil penalty for each violation. The business entity must sell the property to an independent third party within one year of a court's judgment. The Attorney General can bring a civil action for a violation of these provisions, and the court must order relief, including the sale of the property.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
4Second ChamberCurrent
5GovernorPending
6ChapteredPending
Last action: From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on JUD. (2025-06-03)Alert me
Author and sponsors
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| Jun. 19, 2025 | From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on JUD. |
| Jun. 18, 2025 | Referred to Com. on JUD. |
| Jun. 04, 2025 | In Senate. Read first time. To Com. on RLS. for assignment. |
| Jun. 03, 2025 | Read third time. Passed. Ordered to the Senate. (Ayes 42. Noes 18. Page 2005.) |
| Jun. 03, 2025 | Read third time. Passed. Ordered to the Senate. |