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Worksheet-Common Interest Form. This is a California form and can be use in Bureau Of Real Estate Statewide.
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Tags: Worksheet-Common Interest, RE 622A, California Statewide, Bureau Of Real Estate
Page 1 of 32 S TATE OF C ALIFORNIA DEPARTMENT OF REAL ESTATE WORKSHEET 226 COMMON INTEREST RE 622A (R ev . 4 /19) S UBDIVISIONS DUE DATE REPORT TYPE CONDITIONAL RENEWAL CONDOMINIUM AMENDED PLANNED DEVELOPMENT LIMITED TERM FINAL COMMUNITY APARTMENT APPLICANT222S NAME(S) FILE NUMBER ISSUED AMENDMENT/RENEWAL DA TE EXPIRES TRACT NUMBER COUNTY TRACT NAME REAL ESTATE SPECIALI ST INITIALS American LegalNet, Inc. www.FormsWorkFlow.com Page 2 of 32 Use the following if applicable. THIS REPORT COVERS ONLY LOT(S) UNIT(S). SPECIAL INTEREST AREAS IN THIS CONDITIONAL FINAL SUBDIVISION PUBLIC REPORT: YOUR ATTENTION IS ESPECIALLY DIRECTED TO THE PARAGRAPH(S) BELOW ENTITLED: CONDITIONAL SUBDIVISION PUBLIC REPORT EASEMENTS MANAGEMENT AND OPERATION MAINTENANCE AND OPERATIONAL EXPENSES USES/ZONING/HAZARD DISCLOSURES TITLE TAXES FINANCING PURCHASE MONEY HANDLING SOILS AND GEOLOGIC CONDITIONS UTILITIES AND OTHER SERVICES NOTE: IN ADDITION TO THESE AREAS, IT IS IMPORTANT TO READ AND THOROUGHLY UNDERSTAND THE REMAINING SECTIONS SET FORTH IN THIS CONDITIONAL FINAL SUBDIVISION PUBLIC REPORT PRIOR TO ENTERING INTO A CONTRACT TO PURCHASE. Use only when issuing a Conditional Public Report for this file. CONDITIONAL SUBDIVISION PUBLIC REPORT THIS IS NOT A FINAL SUBDIVISION PUBLIC REPORT (223FINAL PUBLIC REPORT224), THIS IS WHAT IS KNOWN AS A CONDITIONAL SUBDIVISION PUBLIC REPORT (223CONDITIONAL PUBLIC REPORT224). IT IS 223CONDITIONAL PUBLIC REPORT224 SINCE THE SUBDIVIDER HAS NOT YET SATISFIED ALL OF THE CONDITIONS NECESSARY FOR THE ISSUANCE OF A 223FINAL PUBLIC224 REPORT. UNTIL ISSUANCE OF THE 223FINAL PUBLIC REPORT224 NO ESCROW SHALL CLOSE, NO FUNDS SHALL BE RELEASED FROM ESCROW TO THE SUBDIVIDER, AND NO TITLE SHALL BE CONVEYED FOR ANY PORTION OF THE SUBDIVISION COVERED BY THIS 223CONDITIONAL PUBLIC REPORT224. HOWEVER, THE SUBDIVIDER MAY ENTER INTO A BINDING AGREEMENT WITH YOU FOR THE PURCHASE OR LEASE OF A CONDOMINIUM UNIT A LOT IN THIS SUBDIVISION IF: (A) THE SUBDIVIDER FIRST PROVIDES YOU WITH A COPY OF THIS CONDITIONAL PUBLIC REPORT AND A WRITTEN STATEMENT CONTAINING CERTAIN DISCLOSURES REQUIRED BY BUSINESS & PROFESSIONS CODE SECTION 11018.12(f); (B) PROVISION IS MADE IN THE PURCHASE AGREEMENT/CONTRACT AND ESCROW INSTRUCTIONS FOR THE RETURN OF THE ENTIRE SUM OF MONEY PAID OR ADVANCED (223PURCHASE MONEY224) BY YOU IF A FINAL PUBLIC REPORT HAS NOT BEEN ISSUED DURING THE TERM OF THIS 223CONDITIONAL PUBLIC REPORT224 AS MAY BE EXTENDED FOR AN ADDITIONAL SIX MONTH TERM. (C) PROVISION IS MADE IN THE PURCHASE AGREEMENT/CONTRACT AND ESCROW INSTRUCTIONS FOR THE RETURN TO YOU OF THE ENTIRE SUM OF MONEY PAID OR ADVANCED BY YOU IF YOU ARE DISSATISFIED WITH THE 223FINAL PUBLIC REPORT224 BECAUSE OF A MATERIAL CHANGE IN THE SETUP OF THE OFFERING. (REFER TO BUSINESS & PROFESSIONS CODE SECTION 11012.) (D) AS A CONDITION OF THE PURCHASE, DELIVERY OF LEGAL TITLE OR OTHER INTEREST CONTRACTED FOR WILL NOT TAKE PLACE UNTIL ISSUANCE OF A FINAL PUBLIC REPORT. American LegalNet, Inc. www.FormsWorkFlow.com Page 3 of 32 BEFORE ENTERING INTO A CONTRACT UNDER THE AUTHORITY OF THIS 223CONDITIONAL PUBLIC REPORT224, YOU SHOULD REVIEW THE PURCHASE AGREEMENT/CONTRACT CAREFULLY TO MAKE SURE THAT YOU WILL BE ABLE TO HONOR YOUR OBLIGATIONS WHEN IT IS TIME TO CLOSE ESCROW. FOR EXAMPLE, IF YOU DO NOT HAVE FUNDS TO COMPLETE THE PURCHASE MONEY LOAN, YOU MAY BE OBLIGATED UNDER THE PURCHASE AGREEMENT/CONTRACT TO KEEP AN ADEQUATE LOAN COMMITMENT IN EFFECT UNTIL THE 223FINAL PUBLIC REPORT224 IS ISSUED AND IT IS TIME TO COMPLETE THE PURCHASE. YOU SHOULD CAREFULLY CONSIDER WHETHER THERE WILL BE CHANGES IN YOUR INCOME, ASSETS OR LIABILITIES THAT COULD MAKE YOUR LENDER UNABLE TO FUND THE LOAN. YOU SHOULD ALSO CONSIDER YOUR PERSONAL SITUATION BEFORE ENTERING INTO A CONTRACT AS YOUR DESIRE AND ABILITY TO COMPLETE THE PURCHASE MAY CHANGE. THE DEPARTMENT OF REAL ESTATE HAS REVIEWED THE PURCHASE AGREEMENT/CONTRACT FORM BUT HAS NOT REVIEWED ANY ARRANGEMENTS YOU MAY ENTER INTO WITH YOUR PURCHASE MONEY LENDER. YOU SHOULD CAREFULLY REVIEW YOUR ARRANGEMENTS WITH THE LENDER. Always included BEFORE SIGNING, YOU SHOULD READ AND THOROUGHLY UNDERSTAND ALL SALES CONTRACT AND LOAN DOCUMENTS. IF YOU DO NOT UNDERSTAND THE TERMS OF YOUR CONTRACT OR LOAN DOCUMENTS, YOU MAY WISH TO CONSIDER CONSULTING WITH YOUR OWN ATTORNEY BEFORE ENTERING INTO A CONTRACT TO PURCHASE THE PROPERTY. Use the following for initial issuance of a conditional THE INITIAL TERM OF THIS 223CONDITIONAL PUBLIC REPORT224 IS SIX THIRTY MONTHS. WHEN THE 223CONDITIONAL PUBLIC REPORT224 EXPIRES, YOU MAY WISH TO CONSIDER CONTACTING THE SUBDIVIDER TO DISCUSS THE STATUS OF YOUR CONTRACT, SINCE A 223CONDITIONAL PUBLIC REPORT224 MAY BE RENEWED FOR ONE ADDITIONAL SIX MONTH TERM. Use the following if renewing the conditional THE INITIAL TERM OF THIS 223CONDITIONAL PUBLIC REPORT224 WAS SIX THIRTY MONTHS AND HAS BEEN RENEWED FOR ONE ADDITIONAL SIX MONTH TERM. WHEN THIS 223CONDITIONAL PUBLIC REPORT224 EXPIRES, YOU MAY WISH TO CONSIDER CONTACTING SUBDIVIDER TO DISCUSS THE STATUS OF YOUR CONTRACT. THIS 223CONDITIONAL PUBLIC REPORT224 ALLOWS THE SUBDIVIDER TO ENTER INTO A BINDING CONTRACT WITH YOU, SUBJECT TO YOUR RECEIPT, EXAMINATION, AND ACCEPTANCE OF A 223FINAL PUBLIC REPORT224 WITHIN THE TIME PERIOD INDICATED IN YOUR PURCHASE AGREEMENT/CONTRACT. THE FOLLOWING CONDITIONS MUST BE SATISFIED BY THE SUBDIVIDER BEFORE A 223FINAL PUBLIC REPORT224 CAN BE ISSUED: (complete list of conditions) American LegalNet, Inc. www.FormsWorkFlow.com Page 4 of 32 Use the following if a conditional public report has been issued for this file. CONDITIONAL SUBDIVISION PUBLIC REPORT IF YOU ENTERED INTO A PURCHASE AGREEMENT/CONTRACT TO PURCHASE OR LEASE AN INTEREST IN THE SUBDIVISION UNDER AUTHORITY OF A CONDITIONAL SUBDIVISION PUBLIC REPORT (223CONDITIONAL PUBLIC REPORT224), THE PURCHASE AGREEMENT/CONTRACT AND THE ESCROW INSTRUCTIONS CONTAINED ARRANGEMENTS FOR THE RETURN TO YOU OF MONIES PAID OR ADVANCED IF YOU ARE DISSATISFIED WITH THIS FINAL SUBDIVISION PUBLIC REPORT (223FINAL PUBLIC REPORT224) BECAUSE OF A MATERIAL CHANGE IN THE SETUP OF THE OFFERING COVERED BY BUSINESS & PROFESSIONS CODE SECTION 11012. YOU ARE ADVISED TO CAREFULLY READ THIS FINAL PUBLIC REPORT SINCE IT CONTAINS INFORMATION THAT IS MORE CURRENT AND POSSIBLY DIFFERENT FROM THAT INCLUDED IN THE CONDITIONAL PUBLIC REPORT. Use the following if a Preliminary Public Report has been issued for this Subdivision. PRELIMINARY SUBDIVISION PUBLIC REPORT IF YOU HAVE RECEIVED A PRELIMINARY SUBDIVISION PUBLIC REPORT FOR THIS SUBDIVISION, YOU ARE ADVISED TO CAREFULLY READ THIS FINAL PUBLIC REPORT SINCE IT CONTAINS INFORMATION THAT IS MORE CURRENT AND PROBABLY DIFFERENT FROM THAT INCLUDED IN THE PRELIMINARY PUBLIC REPORT. THE USE OF THE TERM 223PUBLIC REPORT224 SHALL MEAN AND REFER TO THIS CONDITIONAL FINAL PUBLIC REPORT OVERVIEW OF SUBDIVISION Location: City only. This subdivision is located at and within the city limits of . Prospective purchasers should acquaint themselves with the kinds of city services available. County only. This subdivision is located in County at and approximately miles from Type of Subdivision: This subdivision is a common interest development of the type referred to as a condominium community apartment. It will be operated by an incorporated owners association unincorporated owners association. American LegalNet, Inc. www.FormsWorkFlow.com Page 5 of 32 This subdivision is a common-interest development of the type referred to as a planned development. It includes common areas and common amenities and common facilities which will be maintained by an incorporated owners association unincorporated owners association. Always included. Interests to Be Conveyed: You will receive fee title to a specified a lease to a specified lot unit, an exclusive right to occupy a specified unit an undivided fractional fee interest leasehold interest as tenant in common in the common area together with a membership in the Association (223Association224) and rights to use the common area. About This Phase: Use in Planned Developments. This is a single phase subdivision which consists of approximately acres divided into lots parcels including i