Common Interest and Standard Subdivisions
Because the most often asked question is, 'How long does it take?' the following are the required guidelines the Department of Real Estate uses in their review of Public Report applications:
NOTE: THE TOTAL NUMBER OF DAYS DOES NOT INCLUDE THE TIME IT TAKES TO RESPOND TO DEFICIENCIES, REVISE DOCUMENTS, RECORD THE TRACT MAP AND CONDOMINIUM PLAN, REVISE THE BUDGET, OBTAIN BONDS, ETC. YOU SHOULD EXPECT TO SPEND FOUR TO SIX MONTHS IN THE PROCESS FROM THE TIME OF SUBMITTAL TO THE DRE.
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Condominium and Planned Developments | Standard Subdivisions | |
| 1) |
Deputy assigned within of receipt of application... (PINK can be issued within this time.) |
10 Days | 10 Days |
| 2) |
Deputy reviews file; issues Deficiency Notice within... (YELLOW can be issued at this time after YELLOW deficiencies are satisfied.) |
60 Days | 20 Days |
| 3) | Upon receipt of items requested by deputy in #2 above, he/she must approve condo plans/CC&R's for recording, have budget approval, etc., and issue the 'request for final documents' within... | 30 Days | 20 Days |
| 4) | Deputy must issue Final Public Report within... of receipt of all final documents |
15 Days | 10 Days |
| TOTAL: | 115 Days | 60 Days |
The most common delays are caused by delays in recording the Tract Map and changes in the application which change the budget. Up to 45 days should be added for re-review and approval of a revised budget. Because every project is different and DRE case loads vary, you should consult with your DRE Team to get an estimate of the timing for issuance of your Public Report.
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