A deed restriction for the remainder parcel??
Posted: Wed Jun 18, 2008 4:04 pm
Remainder Parcel Question.
We submitted a tentative parcel map with one parcel and a remainder parcel. It is no secret that the remainder parcel is going to be developed at a later date, and the local agency knows this. When the conditions of approval are received I get the following:
“A deed restriction for the remainder parcel shall be recorded with the County of _______ recorder in conjunction with the final parcel map. The deed restriction shall indicate that it is a designated remainder parcel and may not be sold, financed, or leased whether immediately or in the future without compliance with the California subdivision map act and the City of ___________ subdivision ordinances.â€
The Map act states: “6424.6. (a) When a subdivision, as defined in Section 66424, is of a portion of any unit or units of improved or unimproved land, the
subdivider may designate as a remainder that portion which is not
divided for the purpose of sale, lease, or financing.â€
And the local ordinance just refers to the Map act.
I wanted to see if anyone had an opinion on this (how can they impose this condition) and maybe help me see the light.
Thanks
Vance
We submitted a tentative parcel map with one parcel and a remainder parcel. It is no secret that the remainder parcel is going to be developed at a later date, and the local agency knows this. When the conditions of approval are received I get the following:
“A deed restriction for the remainder parcel shall be recorded with the County of _______ recorder in conjunction with the final parcel map. The deed restriction shall indicate that it is a designated remainder parcel and may not be sold, financed, or leased whether immediately or in the future without compliance with the California subdivision map act and the City of ___________ subdivision ordinances.â€
The Map act states: “6424.6. (a) When a subdivision, as defined in Section 66424, is of a portion of any unit or units of improved or unimproved land, the
subdivider may designate as a remainder that portion which is not
divided for the purpose of sale, lease, or financing.â€
And the local ordinance just refers to the Map act.
I wanted to see if anyone had an opinion on this (how can they impose this condition) and maybe help me see the light.
Thanks
Vance