On Friday July 8, 2011, Governor Jerry Brown signed SB 150 into law. SB 150 is a bill which protects the right of an association unit owner to rent their unit provided that the right existed at the time they purchased the unit.
SB 150 will go into effect on January 1, 2012.
For the full text of SB 150, please click here:
http://leginfo.ca.gov/pub/11-12/bill/sen/sb_0101-0150/sb_150_bill_20110708_chaptered.html