Subdivision Map Act Clause Samples
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Subdivision Map Act. The Subdivision Map Act, codified in Government Code Sections 66410, et seq. (the “Map Act”), regulates the subdivision of real property within the State of California and prohibits the division of real property by lease that has not been properly subdivided according to the law. It is the Parties’ understanding that this Lease for the Leased Premises is in compliance with the Map Act, which exempts the leasing of existing separate commercial or industrial buildings, or portions thereof, on a single parcel. (Gov. Code
Subdivision Map Act. “Subdivision Map Act” means Government Code § 66412 et seq. as implemented by Title 17 of the Municipal Code.
Subdivision Map Act. At or prior to Closing, Seller shall have complied with all applicable laws and ordinances, including, without limitation, the California Subdivision Map Act and Department of Real Estate Regulations, necessary to convey the Land to Buyer as a legally subdivided parcel. Seller shall use commercially reasonable efforts and diligence to process City approval of the Lot Line Adjustment, at Seller's cost, in compliance with applicable laws. If Seller is not in compliance with such laws and ordinances after Seller's exercise of such commercially reasonable efforts, then Buyer or Seller may elect to terminate this Agreement. Notwithstanding anything to the contrary contained herein, if Seller is not in compliance with the California Subdivision Map Act at the scheduled time of Closing, the time of Closing shall be extended for such reasonable periods as are necessary for Seller to so comply as long as such delays do not unreasonably and adversely affect Buyer's intended use of the Land, but not to exceed ninety (90) days.