AB 2173: Commercial real property: termination of tenancy: disposition of personal property.

Existing law provides an optional procedure for the disposition of personal property remaining on the premises at the termination of a commercial tenancy, as specified. Existing law requires a landlord to give written notice to the tenant if personal property remains after the end of a tenancy. Existing law authorizes property described in the notice to be sold at public sale except if the landlord reasonably believes that the total resale value of the personal property is the lesser of $750 or $1 per square foot of the premises occupied by the tenant, the landlord is authorized to retain the property for his or her own use or dispose of it in any manner.

This bill would change the calculation of the total resale value of the personal property, for purposes of these provisions, to either $2,500 or an amount equal to one months rent for the premises the tenant occupied, whichever is greater.