Commercial Subdivision Developments
DRE Report Processing & Accurate Budgeting
Our single-source consulting firm provides reserve fund services and DRE public report processing services for commercial subdivision projects. Schedule a call today and we'll be in touch with you.
DRE Public Reports For Commercial Developments
There are three types of projects that require developers in California to file with the Department of Real Estate (DRE):
- Residential condominiums
- Planned developments with 5 or more units or lots
- Standard subdivisions with 5 or more units or lots
At California Builder Services, we draw on our experience working extensively with the DRE to ensure you have the optimal processing time. As a single-source consulting firm, we provide essential DRE assistance services that builders and land developers need to obtain the required documents and approval from the State of California. Our DRE consultants assist with the preparation of the public report, handle DRE project coordination, and act as a single point of contact throughout the DRE filing process.
In accordance with the Subdivided Lands Law and Subdivisions Map Act, developers are required to get a public report. Typically, the DRE approval process can take between 6-9 months from start to finish, after which a public report is issued by the DRE. Our goal is to expedite and streamline the process as much as possible for our clients. Contact us today to learn more and get professional assistance throughout the DRE filing process!
Commercial Developments, Co-Ownership, & Reserve Funds
When commercial developments have two or more owners, usually through tenancy in common (TIC) arrangements, it’s necessary to determine the financial responsibility of each owner. When each owner contributes toward expenses, upgrades, and maintenance costs according to their ownership percentage, the co-owned property is a success. However, setting aside reserve funds allows all owners to jointly contribute toward reserves that offset significant costs, unexpected expenses, or owner payment default.
The critical nature of a reserve fund budget requires the attention of a professional to ensure accurate reserve calculations and avoid the drastic impact of an underfunded reserve fund. At California Builder Services, our professionals offer reserve fund study services to help you ensure that your commercial development is prepared for success.
Common Questions About Our Services For Commercial Developments
How long is a DRE public report good for?
Public reports issued by the Department of Real Estate have an expiration date, usually five years from the issuance date. It’s critical that public reports are current and maintained during the advertising and sales portions of the development process.
Which types of subdivisions are exempt from filing a public report?
Development projects that are exempt from filing a public report with the DRE include:
- Subdivisions with less than five units or lots
- Subdivisions being offered by public agencies
- Commercial and industrial subdivisions
- Standard subdivisions, within city boundaries, with no common area
You can learn more by visiting www.dre.ca.gov.
What is the Subdivided Lands Act?
The Subdivided Lands Act protects consumers by ensuring adequate disclosure is made during the selling or leasing of subdivisions in California. You can learn more by reading the DRE’s information on basic subdivision laws.