Single-family residential property: sale: disclosures.

Senator Grayson's proposal to expand real estate disclosure requirements would create new obligations for sellers of rebuilt homes in California's disaster-affected areas. The legislation addresses properties reconstructed after state or local emergency declarations, applying to homes receiving certificates of occupancy from January 2025 onward.

The measure establishes three primary disclosure requirements for affected property sales. Sellers must provide buyers with the names and license numbers of all contractors involved in rebuilding work, along with detailed descriptions of their specific contributions. The disclosure must include documentation of all permits obtained during reconstruction. Additionally, sellers must list any licensed third parties who performed work on the property, including their license numbers and the nature of their services.

These new requirements would supplement existing disclosure obligations that apply to residential property transfers in California, including sales, exchanges, and lease-purchase arrangements. The measure creates a specialized framework for properties rebuilt after disasters, introducing documentation standards that track the reconstruction process from permitting through completion.