Preliminary Change of Ownership San Bernardino.pdf (P3) REV. 12 (05-13) ADDITIONAL INFORMATION...
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BOE-502-A (P1) REV. 12 (05-13) F. This transaction is to replace a principal residence by a person who is severely disabled as defined by Revenue and Taxation Code section 69.5. Within the same county? E. This transaction is to replace a principal residence by a person 55 years of age or older. Within the same county? STREET ADDRESS OR PHYSICAL LOCATION OF REAL PROPERTY MAIL PROPERTY TAX INFORMATION TO (NAME) SELLER/TRANSFEROR STATE CITY ADDRESS ZIP CODE ASSESSOR'S PARCEL NUMBER BUYER’S EMAIL ADDRESS PART 1. TRANSFER INFORMATION Please complete all statements. YES YES YES NO NO NO A. This transfer is solely between spouses (addition or removal of a spouse, death of a spouse, divorce settlement, etc.). B. This transfer is solely between domestic partners currently registered with the California Secretary of State (addition or removal of a partner, death of a partner, termination settlement, etc.). N. This is a transfer subject to subsidized low-income housing requirements with governmentally imposed restrictions. O. This transfer is to the first purchaser of a new building containing an active solar energy system. H. The recorded document creates, terminates, or reconveys a lender's interest in the property. J. The recorded document substitutes a trustee of a trust, mortgage, or other similar document. G. This transaction is only a correction of the name(s) of the person(s) holding title to the property (e.g., a name change upon marriage). If YES, please explain: I. This transaction is recorded only as a requirement for financing purposes or to create, terminate, or reconvey a security interest (e.g., cosigner). If YES, please explain: C. This is a transfer: between parent(s) and child(ren) from grandparent(s) to grandchild(ren). * Please refer to the instructions for Part 1. THIS DOCUMENT IS NOT SUBJECT TO PUBLIC INSPECTION BUYER’S DAYTIME TELEPHONE NUMBER ( ) 1. to/from a revocable trust that may be revoked by the transferor and is for the benefit of the transferor, and/or the transferor's spouse registered domestic partner. 2. to/from a trust that may be revoked by the creator/grantor/trustor who is also a joint tenant, and which names the other joint tenant(s) as beneficiaries when the creator/grantor/trustor dies. 3. to/from an irrevocable trust for the benefit of the creator/grantor/trustor and/or grantor's/trustor’s spouse grantor’s/trustor’s registered domestic partner. L. This property is subject to a lease with a remaining lease term of 35 years or more including written options. K. This is a transfer of property: Please provide any other information that will help the Assessor understand the nature of the transfer. * * * * YES NO This property is intended as my principal residence. If YES, please indicate the date of occupancy or intended occupancy. MO DAY YEAR M. This is a transfer between parties in which proportional interests of the transferor(s) and transferee(s) in each and every parcel being transferred remain exactly the same after the transfer. NAME AND MAILING ADDRESS OF BUYER/TRANSFEREE (Make necessary corrections to the printed name and mailing address) PRELIMINARY CHANGE OF OWNERSHIP REPORT To be completed by the transferee (buyer) prior to a transfer of subject property, in accordance with section 480.3 of the Revenue and Taxation Code. A Preliminary Change of Ownership Report must be filed with each conveyance in the County Recorder’s office for the county where the property is located. D. This transfer is the result of a cotenant’s death. Date of death ___________________________ * This section contains possible exclusions from reassessment for certain types of tranfers.
Transcript of Preliminary Change of Ownership San Bernardino.pdf (P3) REV. 12 (05-13) ADDITIONAL INFORMATION...
BOE-502-A (P1) REV. 12 (05-13)
F. ThistransactionistoreplaceaprincipalresidencebyapersonwhoisseverelydisabledasdefinedbyRevenueandTaxationCodesection69.5.Withinthesamecounty?
E. This transaction is to replace a principal residence by a person 55 years of age or older.Withinthesamecounty?
STREETADDRESSORPHYSICALLOCATIONOFREALPROPERTY
MAILPROPERTYTAXINFORMATIONTO(NAME)
SELLER/TRANSFEROR
STATECITYADDRESS ZIPCODE
ASSESSOR'SPARCELNUMBER
BUYER’SEMAILADDRESS
PART 1. TRANSFER INFORMATION Please complete all statements.
YES
YES
YES
NO
NO
NO
A. Thistransferissolelybetweenspouses(addition or removal of a spouse, death of a spouse, divorce settlement, etc.).B. ThistransferissolelybetweendomesticpartnerscurrentlyregisteredwiththeCaliforniaSecretaryofState(addition or removal of
a partner, death of a partner, termination settlement, etc.).
N.Thisisatransfersubjecttosubsidizedlow-incomehousingrequirementswithgovernmentallyimposedrestrictions.O.Thistransferistothefirstpurchaserofanewbuildingcontaininganactivesolarenergysystem.
H.Therecordeddocumentcreates,terminates,orreconveysalender'sinterestintheproperty.
J. Therecordeddocumentsubstitutesatrusteeofatrust,mortgage,orothersimilardocument.
G. This transaction is only a correction of the name(s) of the person(s) holding title to the property (e.g., a name change upon marriage).IfYES,pleaseexplain:
I. Thistransactionisrecordedonlyasarequirementforfinancingpurposesortocreate,terminate,orreconveyasecurityinterest(e.g., cosigner).IfYES,pleaseexplain:
C.Thisisatransfer: between parent(s) and child(ren) from grandparent(s) to grandchild(ren).
* PleaserefertotheinstructionsforPart1.
THIS DOCUMENT IS NOT SUBJECT TO PUBLIC INSPECTION
BUYER’SDAYTIMETELEPHONENUMBER
( )
1. to/fromarevocabletrustthatmayberevokedbythetransferorandisforthebenefitofthetransferor,and/or thetransferor'sspouse registereddomesticpartner.
2. to/fromatrustthatmayberevokedbythecreator/grantor/trustorwhoisalsoajointtenant,andwhichnamestheotherjointtenant(s)asbeneficiarieswhenthecreator/grantor/trustordies.
3. to/fromanirrevocabletrustforthebenefitofthecreator/grantor/trustorand/or grantor's/trustor’sspouse grantor’s/trustor’sregistereddomesticpartner.
L. Thispropertyissubjecttoaleasewitharemainingleasetermof35yearsormoreincludingwrittenoptions.
K. Thisisatransferofproperty:
Please provide any other information that will help the Assessor understand the nature of the transfer.
*
*
*
*
YES NO Thispropertyisintendedasmyprincipalresidence.IfYES,pleaseindicatethedateofoccupancyorintendedoccupancy.
MO DAY YEAR
M. This is a transfer between parties in which proportional interests of the transferor(s) and transferee(s) in each and every parcel beingtransferredremainexactlythesameafterthetransfer.
NAMEANDMAILINGADDRESSOFBUYER/TRANSFEREE(Make necessary corrections to the printed name and mailing address)
PRELIMINARY CHANGE OF OWNERSHIP REPORTTobecompletedby the transferee (buyer)prior toa transferofsubjectproperty,inaccordancewithsection480.3oftheRevenueandTaxationCode.APreliminary Change of Ownership Reportmustbefiledwitheachconveyance in the County Recorder’s office for the county where theproperty is located.
D.Thistransferistheresultofacotenant’sdeath.Dateofdeath___________________________*
Thissectioncontainspossibleexclusionsfromreassessmentforcertaintypesoftranfers.
BOE-502-A (P2) REV. 12 (05-13)
Remaining term in years (including written options):
PART 2. OTHER TRANSFER INFORMATION Check and complete as applicable.A. Dateoftransfer,ifotherthanrecordingdate:
C.Onlyapartialinterestinthepropertywastransferred.
B. Cashdownpaymentorvalueoftradeorexchangeexcludingclosingcosts Amount$_______________C.Firstdeedoftrust@______%interestfor______years.Monthlypayment$_____________ Amount$_______________
D.Seconddeedoftrust@______%interestfor______years.Monthlypayment$_____________ Amount$_______________
E.WasanImprovementBondorotherpublicfinancingassumedbythebuyer? Outstandingbalance$_______________
IfYES,indicatethepercentagetransferred:
B. Typeoftransfer:Purchase
Contractofsale.Dateofcontract:
Sale/leaseback
Fixedrate
Fixedrate
Balloonpayment$_____________
Duedate:_____________
Duedate:_____________
Creationofalease
Variable rate
Variable rate
Other.Pleaseexplain:Original term in years (including written options):
Assignment of a lease
Loancarriedbyseller
Loancarriedbyseller
Bank/Savings&Loan/CreditUnion
Bank/Savings&Loan/CreditUnion
Inheritance.Dateofdeath:
Terminationofalease.Dateleasebegan:
Foreclosure Gift Tradeorexchange Merger,stock,orpartnershipacquisition(FormBOE-100-B)
YES NO %
PART 3. PURCHASE PRICE AND TERMS OF SALE Check and complete as applicable.
$
$
PART 4. PROPERTY INFORMATION Check and complete as applicable.A. Type of property transferred
Single-family residence
Lease/rent
Multiple-familyresidence.Numberofunits:Co-op/Own-your-own
Contract
ManufacturedhomeCondominiumTimeshare Commercial/Industrial
Mineral rights Other:
UnimprovedlotOther.Description:(i.e.,timber,mineral,waterrights,etc.)
B.
C.
D.
E.
YES
YES
YES
YES
YES
Good Average Fair Poor
NO
NO
NO
NO
NO
IfYES,enterthevalueofthepersonal/businessproperty:
IfYES,enterthevalueattributedtothemanufacturedhome:
IfYES,theincomeisfrom:
Personal/businessproperty,orincentives,providedbysellertobuyerareincludedinthepurchaseprice.Examplesofpersonalpropertyarefurniture,farmequipment,machinery,etc.Examplesofincentivesareclubmemberships,etc.Attachlistifavailable.
Amanufacturedhomeisincludedinthepurchaseprice.
Themanufacturedhomeissubjecttolocalpropertytax.IfNO,enterdecalnumber:
Thepropertyproducesrentalorotherincome.
Theconditionofthepropertyatthetimeofsalewas:Pleasedescribe:__________________________________________________________________________________________________
I certify (or declare) that the foregoing and all information hereon, including any accompanying statements or documents, is true and correct to the best of my knowledge and belief.
CERTIFICATION
SIGNATUREOFBUYER/TRANSFEREEORCORPORATEOFFICER
NAMEOFBUYER/TRANSFEREE/LEGALREPRESENTATIVE/CORPORATEOFFICER(PLEASEPRINT)
TELEPHONE
EMAILADDRESSTITLE
DATE
TheAssessor’sofficemaycontactyouforadditionalinformationregardingthistransaction.
t
Phonenumber:G.Thepropertywaspurchased:
Other.Pleaseexplain:
Throughrealestatebroker.Brokername:
Direct from seller From a family member-Relationship
( )
H.Pleaseexplainanyspecialterms,sellerconcessions,broker/agentfeeswaived,financing,andanyotherinformation(e.g.,buyerassumedtheexistingloanbalance)thatwouldassisttheAssessorinthevaluationofyourproperty.
( )
Incentives $
F. Amount,ifany,ofrealestatecommissionfeespaidbythebuyerwhicharenotincludedinthepurchaseprice$_______________
A. Totalpurchaseprice $_______________
FHA(___DiscountPoints) Cal-Vet VA(___DiscountPoints)
Balloonpayment$_____________
BOE-502-A (P3) REV. 12 (05-13)
ADDITIONALINFORMATION
Pleaseanswerallquestionsineachsection,andsignandcompletethecertificationbeforefiling.Thisformmaybeusedinall58Californiacounties.IfadocumentevidencingachangeinownershipispresentedtotheRecorderforrecordationwithouttheconcurrentfilingofaPreliminary Change of Ownership Report,theRecordermaychargeanadditionalrecordingfeeoftwentydollars($20).
NOTICE:ThepropertywhichyouacquiredmaybesubjecttoasupplementalassessmentinanamounttobedeterminedbytheCountyAssessor.Supplementalassessmentsarenotpaidbythetitleorescrowcompanyatcloseofescrow,andarenot includedin lenderimpoundaccounts.You may be responsible for the current or upcoming property taxes even if you do not receive the tax bill.
NAMEANDMAILINGADDRESSOFBUYER:Pleasemake necessary corrections to the printed nameandmailing address.EnterAssessor’sParcelNumber,nameofseller,buyer’sdaytimetelephonenumber,buyer’semailaddress,andstreetaddressorphysicallocation of the real property.
NOTE: Your telephone number and/or email address is very important. If there is a question or a problem, the Assessor needs to be able to contact you.
MAILPROPERTYTAXINFORMATIONTO:Enterthename,address,city,state,andzipcodewherepropertytaxinformationshouldbemailed.Thismustbeavalidmailingaddress.
PRINCIPALRESIDENCE:Tohelpyoudetermineyourprincipalresidence,consider(1)whereyouareregisteredtovote,(2)thehomeaddressonyourautomobile registration,and(3)whereyounormally returnafterwork. Ifafterconsidering thesecriteriayouarestilluncertain,choosetheplaceatwhichyouhavespentthemajorportionofyourtimethisyear.CheckYESifthepropertyisintendedasyourprincipalresidence,andindicatethedateofoccupancyorintendedoccupancy.
PART 1: TRANSFER INFORMATIONIf you check YES to any of these statements, the Assessor may ask for supporting documentation.C,D,E, F:IfyoucheckedYEStoanyofthesestatements,youmayqualifyforapropertytaxreassessmentexclusion,whichmayallowyoutomaintainyourproperty’sprevioustaxbase. A claim form must be filed and all requirements met in order to obtain any of these exclusions. ContacttheAssessorforclaimforms.NOTE:Ifyougivesomeonemoneyorpropertyduringyourlife,youmaybesubjecttofederalgifttax.Youmakeagiftifyougiveproperty(includingmoney),theuseofproperty,ortherighttoreceiveincomefrompropertywithoutexpectingtoreceivesomethingofatleastequalvalueinreturn.Thetransferor(donor)mayberequiredtofileForm709,FederalGiftTaxReturn,withtheInternalRevenueServiceiftheymakegiftsinexcessoftheannualexclusionamount.
G:CheckYESifthereasonforrecordingistocorrectanamealreadyontitle[e.g.,MaryJones,whoacquiredtitleasMaryJ.Smith,isgrantingtoMaryJones].Thisisnotforusewhenanameisbeingremovedfromtitle.
H:CheckYESifthechangeinvolvesalender,whoholdstitleforsecuritypurposesonaloan,andwhohasnootherbeneficialinterestin the property.
"Beneficial interest" is the right to enjoy all the benefits of property ownership.Those benefits include the right to use, sell,mortgage,orleasethepropertytoanother.Abeneficialinterestcanbeheldbythebeneficiaryofatrust,whilelegalcontrolofthetrustisheldbythetrustee.
I: A "cosigner"isathirdpartytoamortgage/loanwhoprovidesaguaranteethataloanwillberepaid.Thecosignersignsanagreementwiththelenderstatingthatiftheborrowerfailstorepaytheloan,thecosignerwillassumelegalliabilityforit.
M:Thisisprimarilyforusewhenthetransferisinto,outof,orbetweenlegalentitiessuchaspartnerships,corporations,orlimitedliabilitycompanies.CheckYESonlyiftheinterestheldineachandeveryparcelbeingtransferredremainsexactly the same.
N:CheckYESonly if property is subject to subsidized low-incomehousing requirementswith governmentally imposed restrictions;propertymayqualifyforarestrictedvaluationmethod(i.e.,mayresultinlowertaxes).
O:IfyoucheckedYES,youmayqualifyforanewconstructionpropertytaxexclusion.A claim form must be filed and all requirements met in order to obtain the exclusion. Contact the Assessor for a claim form.
PART 2: OTHER TRANSFER INFORMATIONA:Thedateofrecordingisrebuttablypresumedtobethedateoftransfer.Ifyoubelievethedateoftransferwasadifferentdate(e.g.,thetransferwasbyanunrecordedcontract,oraleaseidentifiesaspecificstartdate),putthedateyoubelieveisthecorrecttransferdate.Ifitisnotthedateofrecording,theAssessormayaskyouforsupportingdocumentation.
B:Checktheboxthatcorrespondstothetypeoftransfer.IfOTHERischecked,pleaseprovideadetaileddescription.Attachaseparatesheet if necessary.
PART 3: PURCHASE PRICE AND TERMS OF SALE
Itisimportanttocompletethissectioncompletelyandaccurately.Thereportedpurchasepriceandtermsofsaleareimportantfactorsindeterminingtheassessedvalueoftheproperty,whichisusedtocalculateyourpropertytaxbill.Yourfailuretoprovideanyrequiredorrequestedinformationmayresultinaninaccurateassessmentofthepropertyandinanoverpaymentorunderpaymentoftaxes.
A. Enterthetotalpurchaseprice,notincludingclosingcostsormortgageinsurance.“Mortgage insurance”isinsuranceprotectingalenderagainstlossfromamortgagor’sdefault,issuedbytheFHAoraprivatemortgageinsurer.
B.Entertheamountofthedownpayment,whetherpaidincashorbyanexchange.Ifthroughanexchange,excludetheclosingcosts.“Closing costs”arefeesandexpenses,overandabovethepriceoftheproperty,incurredbythebuyerand/orseller,whichincludetitlesearches,lawyer’sfees,surveycharges,anddocumentrecordingfees.
C.EntertheamountoftheFirstDeedofTrust,ifany.Checkalltheapplicableboxes,andcompletetheinformationrequested.A “balloon payment”isthefinalinstallmentofaloantobepaidinanamountthatisdisproportionatelylargerthantheregularinstallment.
D.EntertheamountoftheSecondDeedofTrust,ifany.Checkalltheapplicableboxes,andcompletetheinformationrequested.
E.Iftherewasanassumptionofanimprovementbondorotherpublicfinancingwitharemainingbalance,entertheoutstandingbalance,andmarktheapplicablebox.
An “improvement bond or other public financing” is a lien against real property due to property-specific improvementfinancing,suchasgreenorsolarconstructionfinancing,assessmentdistrictbonds,Mello-Roos(aformoffinancingthatcanbeusedbycities,countiesandspecialdistrictstofinancemajorimprovementsandserviceswithintheparticulardistrict)orgeneralimprovementbonds,etc.Amountsforrepaymentofcontractualassessmentsareincludedwiththeannualpropertytaxbill.
F. Entertheamountofanyrealestatecommissionfeespaidbythebuyerwhicharenotincludedinthepurchaseprice.
G.Ifthepropertywaspurchasedthrougharealestatebroker,checkthatboxandenterthebroker’snameandphonenumber.Ifthepropertywaspurchaseddirectlyfromtheseller(whoisnotafamilymemberofoneofthepartiespurchasingtheproperty),checkthe“Direct from seller”box.Ifthepropertywaspurchaseddirectlyfromamemberofyourfamily,orafamilymemberofoneofthepartieswhoispurchasingtheproperty,checkthe“From a family member”boxandindicatetherelationshipofthefamilymember(e.g.,father,aunt,cousin,etc.).Ifthepropertywaspurchasedbysomeothermeans(e.g.,overtheInternet,atauction,etc.),checkthe“OTHER”boxandprovide a detailed description (attach a separate sheet if necessary).
H.Describeanyspecialterms(e.g.,sellerretainsanunrecordedlifeestateinaportionoftheproperty,etc.),sellerconcessions(e.g.,seller agrees to replace roof, seller agrees to certain interior finishwork, etc.), broker/agent feeswaived (e.g., feeswaived by thebroker/agentforeitherthebuyerorseller),financing,buyerpaidcommissions,andanyotherinformationthatwillassisttheAssessorindeterminingthevalueoftheproperty.
PART 4: PROPERTY INFORMATION
A.Indicatethepropertytypeorpropertyrighttransferred.Propertyrightsmayincludewater,timber,mineralrights,etc.
B.CheckYESifpersonal,businesspropertyorincentivesareincludedinthepurchasepriceinPart3.Examplesofpersonalorbusinesspropertyarefurniture,farmequipment,machinery,etc.Examplesofincentivesareclubmemberships(golf,health,etc.),skilifttickets,homeowners’dues,etc.Attachalistofitemsandtheirpurchasepriceallocation.Anadjustmentwillnotbemadeifadetailedlistisnotprovided.
C.CheckYESifamanufacturedhomeorhomesare included inthepurchaseprice. Indicatethepurchasepricedirectlyattributabletoeachofthemanufacturedhomes.IfthemanufacturedhomeisregisteredthroughtheDepartmentofMotorVehiclesinlieuofbeingsubjecttopropertytaxes,checkNOandenterthedecalnumber.
D.CheckYESifthepropertywaspurchasedoracquiredwiththeintenttorentorleaseitouttogenerateincome,andindicatethesourceofthatanticipatedincome.CheckNOifthepropertywillnotgenerateincome,orwaspurchasedwiththeintentofbeingowner-occupied.
E.Provideyouropinionoftheconditionofthepropertyatthetimeofpurchase.Ifthepropertyisin“fair” or “poor”condition,includeabrief description of repair needed.
BOE-502-A(P4)REV.12(05-13)
