Public Report - Prior To Offering Lots For Sale
By law, A.R.S. 32-2101(54), you are considered a subdivider if you own or have owned 6 or more lots in a single platted subdivision and offer any number of them for sale. All subdividers are required to obtain a Public Report(s) prior to offering lots for sale in accordance with A.R.S 32-2181 et seq. and Commissioner's Rule R4-28-B1207.
Upon acquiring fee title or an equitable interest in the 6th lot within a single platted subdivision, a Public Report is required prior to its sale. You could purchase and sell 2 lots every five years and as soon as you acquire an interest in the 6th lot and offer the lot/lots for sale, you would be in violation if you did not obtain a Public Report. If you hold fee title or an equitable interest in 6 or more lots at one time, a Public Report is required prior to offering any of the lots for sale.
Public Reports Are Subdivider's Disclosure Statements
When a seller/subdivider enters into a sale, a Public Report of the property should be presented to the consumer who in turn will sign a receipt of acknowledgment. The buyer(s) have their inspection period to review information and may choose to continue with the sale transaction or terminate their contract.
The Public Report discloses to consumer all information as to utility services and their providers, near by airports, schools, shopping centers, including permanent access to property, density of soil, and road maintenance, etc. By clicking on the link(s) below you will be able to access records of Public Reports and regulations.
Search public reports for subdivisions.
Tips and advice on public reports.
Learn regulations for the sale of Lands.
Helpful hints to help avoid some pitfalls.
