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RE 618C Final Subdivision Public Report Time-Share Project Cover page for Final Subdivision Public R

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The document is a Final Conditional Time-Share Plan Public Report issued by the Department of Real Estate of the State of California. It outlines the requirements and regulations for single-site and multi-site time-share plans, emphasizing that the report is informative and not an endorsement. It includes consumer information regarding discrimination in housing, advising buyers or lessees to read the report thoroughly before making any contractual agreements.

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What is a final public report?

There are seven types of Public Reports, but the ultimate one obtained for a new subdivision is a Final Public Report (called a WHITE). A Public Report is a disclosure statement which provides consumer protection in the sale of subdivided land, including air space subdivisions.

What is the purpose of a public report?

Generally, the Public Report will disclose such information as: applicants name, location and size of the subdivision, information on utilities, schools, taxes, management, maintenance and operational expenses, unusual easements, rights of way, set back requirements on vacant land offerings, restrictions or conditions

What is a preliminary public report?

Final Public Report a.k.a. White report printed on white paper. This Report is the only Public Report that is actually required by law. The Final Public Report allows the subdivider to market the subdivision; to take deposits, and to open and close escrows.

What must be disclosed in a subdivision public report?

A preliminary public report must be obtained before a subdivider may advertise or take reservations on subdivision interests. A final public report must be obtained before any subdivision interest may be sold or leased.