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?

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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.

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