No. Property owners will retain their previous factored base year value if the restructure is rebuilt in a like or similar manner, regardless of the actual cost of construction. However, any new square footage or extras, such as additional baths, will be added to the base year value at its full market value.
FAQ Topic: Debris Removal
No, the wording in the ROE form is required by California and Federal law and therefore, the terms cannot be changed. We understand that there are many questions related to this form, and we will provide responses through the frequently asked questions document.