Bad Times, Worse Times: Extending the Life of Your Tentative Map During Market Downturns

What to do? You hold an already-approved Tentative Map or a Vesting Tentative Map (the following discussion covers both types of Maps). You must satisfy extensive and expensive conditions of approval (attached to the Tentative Map) in order to secure and record the Final Map creating the lots, but after you spend that money, there is no market for the lots or the homes you would build on those created lots. Do you therefore do nothing and let the Tentative Map die and start all over when the market returns? Or is there a way to keep the Tentative Map alive while you weather the difficult economic times?

Please see full article for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Allen Matkins Leck Gamble Mallory & Natsis LLP | Attorney Advertising

Written by:


Allen Matkins Leck Gamble Mallory & Natsis LLP on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.