75A - PH AMENDING CH. 8 OF MUNI CODE

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21.7(1). "Agreement" means any written instrument that transfers or conveys title to residential or commercial feat property from one owner to another after a sale, trade, transfer or exchange. "Beneficiary" means a lender participating in a real property transaction that holds a secured interest in the real property in question identified in a deed of trust. "Boarded building" means a vacant building or portion of a vacant building whose doors and windows have been covered with plywood or other material for the purpose of preventing entry into the vacant building by persons or animals. "Building" means any structure, including, but not limited to, any residential, commercial, industrial, or assembly structure, approved for occupancy on either a lot of record or within a single project approved by the city pursuant to the city's Code or applicable specific plan. "Buyer" means any person, partnership, association, corporation, fiduciary or other legal entity that agrees to transfer anything of value in consideration for real property via an agreement. "Chief Building Official" or "building official" means Building Safety Manager, Code Enforcement Manager, or their designees. "Commercial Property" means any improved real property, or portion thereof, designed or permitted to be used for commercial non-residential purposes, including buildings and structures located on such improved real property. This includes any real property being offered under any circumstances for sale, trade, transfer, or exchange as "commercial." whether or not said property is leaally permitted and zoned for such use. "Dangerous building" means any building or structure reasonably deemed by authorized city staff to represent a violation of any provision specified in the Uniform Code for the Abatement of Dangerous Buildings, International Property Maintenance Code, or California Health and Safety Code section 17920.3. "Days" means calendar days. "Deed of trust" means an instrument whereby an owner of real property, as trustor, transfers a secured interest in the real property in question to a third party trustee, as security for a loan issued in the context of a real property transaction. This definition applies to any and all subordinate deeds of trust; i.e., 2nd trust deed, 3rd trust deed, etc. "Deed in lieu of foreclosure" means a recorded instrument that transfers ownership of property from the trustor to the holder of a deed of trust upon consent of the beneficiary of the deed of trust. Ordinance No. NS-XXXX Page 3 of 16 75A-8