Resale Policy Change: Water Heaters
The Board of Directors of the Third Laguna Hills Mutual passed resolution 03-18-37 on March 23, 2018, approving the following policy: On January 1, 2019, the Alterations Department will perform interior inspections during the resale process of Manors in Third Mutual to verify the age of water heaters. Water heaters found to be 10 or more years old, of indeterminable age or in disrepair must be replaced prior to escrow closing. Residents can hire a contractor or have the work performed as a chargeable service. This policy was put into effect due to the fact that Third Mutual has experienced significant damages to both Mutual and Member property from the failure of aging water heaters.