(Effective January 1, 2024, Unless Stated Otherwise) by Andrew Parslow AB 572 – Restrictions on Increasing Regular Assessment on Low Income Units (Civil Code § 5605) Assembly Bill 572 is concerning as it directly impacts an association’s ability to increase regular assessments. Fortunately, this statute only affects associations whose original declarations are recorded on or after January 1, 2025. This statute amends Civil Code § 5605 to prohibit associations that have recorded their original declaration …
