A power of termination shall be exercised only by notice or by civil action and, if the power of termination is of record, the exercise shall be of record. The notice shall be given, and any civil action shall be commenced, within five years after breach of the restriction to which the fee simple estate is subject, or such longer period as may be agreed to by the parties by a waiver or extension recorded before expiration of that period.
Cal. Civ. Code § 885.050
Powers of Termination
Applied in 1 court decision — leading case 70 Cal. App. 4th 613 - City of Palm Springs v. Living Desert Reserve (1999)
Most recently applied in 70 Cal. App. 4th 613 - City of Palm Springs v. Living Desert Reserve (March 1999)
Added by Stats. 1982, Ch. 1268, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.