BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  SB 825
                                                                  Page  1

          Date of Hearing:  July 3, 2012

                           ASSEMBLY COMMITTEE ON JUDICIARY
                                  Mike Feuer, Chair
                     SB 825 (Corbett) - As Amended: June 7, 2012

                              As Proposed to be Amended

           SENATE VOTE  :  NOT RELEVANT
           
          SUBJECT  :  RESIDENTIAL TENANCIES: FORECLOSURES
           
          KEY ISSUE  :  SHOULD THE SUNSET ON EXISTING LAW BE EXTENDED FOR 
          SIX YEARS GIVING TENANTS NOTICE OF RIGHTS WHEN THEIR RENTAL 
          PROPERTY IS SOLD IN FORECLOSURE?

           FISCAL EFFECT  :  As currently in print this bill is keyed 
          non-fiscal.
                                          
                                      SYNOPSIS
          
          Existing law giving notice to tenants in foreclosed properties 
          of certain rights and responsibilities regarding the new owner 
          is scheduled to sunset at the end of the year.  That law 
          requires that any notice of termination of the tenancy served 
          within one year after a foreclosure sale include certain 
          additional information to renters regarding their rights with 
          respect to eviction.  This law was drafted by the author of this 
          measure, which would continue that provision in effect for six 
          years.  Supporters argue that the law has been helpful in easing 
          the transition for innocent tenants when rental property is 
          subject to foreclosure.  The bill has no known opposition.

           SUMMARY  :  Maintains existing law for six years with respect to 
          notifying tenants of rights when rental property is sold in 
          foreclosure.  Specifically,  this bill  continues existing law in 
          effect for an additional six years requiring that any notice to 
          quit served within one year after a foreclosure sale include 
          additional notice to renters regarding specified rights and 
          responsibilities with respect to the new owner.  

           EXISTING LAW  , until January 1, 2013, requires that any notice of 
          termination of a tenancy served within one year after a 
          foreclosure sale include a notice to renters setting forth their 
          rights and responsibilities.  (Code of Civil Procedure section 








                                                                  SB 825
                                                                  Page  2

          1161c.)

           COMMENTS  :  In support of the bill the author states, "California 
          enacted important tenant protections which seek to give tenants 
          additional time to search for a new home and move when the unit 
          in which they are living is foreclosed upon.  President Obama 
          likewise recognized the importance of additional time and signed 
          the Protecting Tenants at Foreclosure Act of 2009, requiring 
          that tenants be given 90-days' notice and that fixed-term leases 
          be honored.  Despite the establishment of these important 
          protections, many innocent tenants have received notices to 
          vacate that are unclear and contain different timeframes in 
          which the tenant must vacate the property.  For example, some 
          notices state that the tenants must leave in three, 30, 60, or 
          90 days.  These multiple and conflicting timeframes - combined 
          with complex legalese - are confusing to tenants.  In addition, 
          some tenants have received a three-day notice to quit that is 
          addressed to the homeowner, but not to the tenant.  Innocent 
          tenants do not realize that they must take certain steps to 
          protect their rights.  In other cases, innocent tenants are 
          unaware of their rights under federal law and take the three-day 
          notice to quit at face value and assume that they must leave 
          within three days.  SB 825 will help to protect tenants and 
          ensure that they receive the full benefits of the important 
          protections that have been enacted over the last few years by 
          extending the sunset on important protections put in place by SB 
          1149 (Corbett, 2010)."

          As proposed to be amended, this bill would continue existing law 
          in effect for an additional six years, consistent with other 
          foreclosure-related measures.

           Author's Amendments.   Rather than simply delete the sunset as 
          the bill currently provides, the author instead proposes that 
          the sunset be extended to January 1, 2019.

           REGISTERED SUPPORT / OPPOSITION  :

           Support 
           
          None on file

           Opposition 
           
          None on file








                                                                  SB 825
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           Analysis Prepared by  :    Kevin G. Baker / JUD. / (916) 319-2334