Civil Code - CIV - CIV § 8700

Summary

(a) This chapter applies if any of the following conditions is satisfied: (1) The owner of the fee interest in property contracts for a work of improvement on the property with a contract price greater than five million dollars ($5,000,000). (2) The owner of a less than fee inter

Text

(a)
This chapter applies if any of the following conditions is satisfied:
(1)
The owner of the fee interest in property contracts for a work of improvement on the property with a contract price greater than five million dollars ($5,000,000).
(2)
The owner of a less than fee
interest in property, including a leasehold interest, contracts for a work of improvement on the property with a contract price greater than one million dollars ($1,000,000).
(b)
For the purpose of this section:
(1)
The owner of the fee interest in property is not deemed to be the owner of a less than fee interest by reason of a mortgage, deed of trust, ground lease, or other lien or encumbrance or right of occupancy that encumbers the fee interest.
(2)
A lessee of real property is deemed to be the owner of a fee interest in the real property if all of the following conditions are satisfied:
(A)
The initial term of the lease is at least 35 years.
(B)
The lease covers one or more lawful
parcels under the Subdivision Map Act, Division 2 (commencing with Section 66410) of Title 7 of the Government Code, and any applicable local ordinance adopted under that act, in their entirety, including, but not limited to, a parcel approved pursuant to a certificate of compliance proceeding.

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• #1 | Civil Code - CIV - CIV § 8700

  (a) This chapter applies if any of the following conditions is satisfied: (1) The owner of the fee interest in property contracts for a work of improvement on the property with a contract price greater than five million dollars ($5,000,000). (2) The owner of a less than fee interest in property, including a leas…