California Code of Regulations
Title 10 - Investment
Chapter 6 - Real Estate Commissioner
Article 12 - Subdivisions
Section 2792.15 - Reasonable Arrangements-Transfer of Common Areas and Facilities to Association
Current through Register 2024 Notice Reg. No. 12, March 22, 2024
(a) In subdivisions in which all or a portion of the common areas and facilities are to be transferred to the Association, those areas and facilities shall be transferred to the Association or to a corporate trustee under a trust agreement acceptable to the Commissioner prior to or coincident with the first transfer or conveyance of a subdivision interest by the subdivider.
(b) The subdivider may create a contractual right in himself or may reserve easements of limited duration, for common driveway purposes, for drainage and encroachment purposes and for ingress to and egress from the common areas for the purpose of completing improvements thereon or for the performance of necessary repair work and, in the case of phased subdivision projects, for entry onto adjacent property in connection with the development of additional phases of the overall project.
1. New section
filed 9-17-65; effective thirtieth day thereafter (Register 65, No.
17).
2. Repealer and new section filed 1-16-76; effective thirtieth
day thereafter (Register 76, No. 3).
Note: Authority cited: Sections 10080, 10226, 11001, 11011.8, Business and Professions Code, and Section 21082, Public Resources Code.
