What is SB 1103?
California legislation effective January 2025 extending commercial tenant protections including CAM reconciliation statement requirements and itemized expense disclosures.
Definition
California SB 1103, effective January 1, 2025, extends commercial tenant protections to qualifying small commercial tenants. It requires landlords to provide CAM reconciliation statements within a defined timeframe, deliver itemized expense breakdowns, and supply supporting documentation upon tenant request. The law establishes specific formatting and content requirements for reconciliation statements that go beyond typical lease obligations. Landlords who fail to comply face potential rent disputes, regulatory penalties, and weakened positions in tenant audit proceedings. SB 1103 represents the most significant state-level CAM compliance legislation in the United States.
Validate Your CAM Reconciliations
CapVeri catches gross-up errors, cap violations, and billing mistakes before tenants or auditors find them — from your Yardi or MRI exports.
Start Free Audit