Owners of multi-family buildings, beware! A new law that went into effect in September 2018 imposes new requirements regarding inspections, reporting and repairs that could result in significant penalties and even property foreclosure for non-compliant owners.
This new law (SB 721) affects owners of multi-family buildings containing at least three units and featuring an exterior elevated element with a load-bearing component, such as a balcony, deck, porch, stairway or entry structure, but specifically excludes common interest developments. For buildings falling under the new regulations that are already certified for occupancy, the owner must retain either a licensed architect, a licensed civil or structural engineer or a building contractor to complete a visual inspection of these elevated elements by January 1, 2025 (with certain exceptions). This is not a one-time requirement, but rather is ongoing, requiring subsequent inspections every six years.
Read entire article here.