AB 2692: Common interest developments: reinstatement of terminated declarations: County of Los Angeles.

This bill establishes a process for reinstating a terminated declaration in a common interest development. The declaration can be reinstated if approved by the percentage of members required for extending the initial term, as specified in the declaration or in the act. If the declaration does not specify this percentage, a majority of all members must approve. The bill makes the declaration effective upon certification of member approval and recording in the county recorder's office. The bill's provisions apply only to the County of Los Angeles, and it repeals the provisions on January 1, 2028.