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Property Address X21 �n°'�Irn r AJ2rJu nr � A!nc California Date 21. { <br />u <br />1. 1915 BOND ACT and MELLO ROOS DISCLOSURE COMPLIANCE: As of January 1, 2002, all sellers of residential one -to -four unit properties are <br />required to request, from local agencies and then dlscldseto buyers, Information regarding assessments levied under the Improvement Bond <br />Act of 1915. A seller may provide buyer with an official assessment notice provided by the approprlate local agency (If available), but may also <br />provide a substantially equivalent notice obtained from another source, Including his or her most recent tax bill or an Itemization of current <br />assessments. <br />2. COMMUNITY ENHANCEMENT FEES: Buyer Is aware that some areas/communities may have enhancement fees, lease land fees, and user - <br />type fees over and above any stated Assocletion fees. <br />3. RESTRICTIVE OVERLAYS: Development and construction on the Property maybe subject to the jurisdiction, control and requirements of vari- <br />ous overlay agencies, homeowners associations, architectural committees, planning commission, etc. These may Include, but not limited to, <br />California Coastal Commission, Historical Conservancy site or area and/or design review. These overlay restrictions maybe prohibitive or <br />extremely restrictive and are generally additional to any required permits, These entities may exist presently or be added In the future. <br />4. VIEWS: Buyer understands that future enjoyment of existing views may be adversely affected by development or growth of trees or vegeta- <br />tion not on the subject Property. Buyer Is strongly encouraged to contact local government agencies, homeowner associations, overlay agen- <br />cies (see above)., owner, and neighbors to ascertain the rights of others to affect views. <br />S. FUTURE DEVELOPMENT: Future development, construction, Improvement, demolition, present and future school boundaries, pollution, <br />contamination, traffic densities and patterns, transportation projects, noise, light and air, vegetation growth and remodel projects In the <br />neighborhood orsurrounding areas of subject Property may have a negative Impact on the Property's value, desirability, and/or health of <br />individuals and pets. <br />6. SHORT TERM RENTALS: Buyers are advised to verify with appropriate government entities and/;er agencies the right to use the Property as <br />"shortterm lodging units" (e.g. rental periods of less than thirty (30) days duration) Broker makes no representation as to Buyer's right and <br />abllity to do so . <br />7. NUISANCES: Buyer Is encouraged to consult with all Interested government agencies to determine the current status of and future plans of <br />potential projects and activities, such as, but not limited to: <br />a. Airports and Their Potential Uses —(For ex: John Wayne Airport,Tustin Marine Helicopter Base, EI Toro Marine Base. ) <br />b. Transportation Project—Extension offreev✓ays and toll roads, light rail systems <br />c. Zoning restrictions <br />d. Power Plants—(for ex: San Onofre power plant) <br />e. Prison and Correctional Facilities- (for ex: Musick County Correctional Facility) <br />f. Industrial Hazards Due to Business Operations <br />g. Toxic waste site and landfills <br />h. Munitions storage Facilities <br />S. BUILDING MATERIALS: Buyer Is aware that the subject property may or may note constructed with materials affecting individual health <br />Including asbestos, urea formaldehyde or other materials . <br />9.. ROOF TILES: Buyer and seller are advised that there Is a class action lawsuit concerning certain Fire Free Tiles and 4uantum panels. Most <br />roofs require some repair and in some cases, replacement. Therefore, the brokers and salespersons participating in this transaction„ I.e. <br />Listing and Selling Agents, strongly recommend that Buyer obtain the services of a licensed and insured roofing contractor to advise on the <br />condition and life expectancy of the roof. <br />Buyers (s) Initials <br />seller($) Initials <br />1of3 <br />