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PLAUSK' T'ITLl CUIIVAIIY
<br />(310) *14-2963
<br />NOTICU TO 13UYUtl
<br />DUI Unv1s 5t'ect
<br />Snij I,entnlyd, CA '1'1511
<br />In accordance with Sections 10Do5 and 20131 of Ilse never,ue and
<br />Taxation Code, a buyer may be required to withhold an amount equal to
<br />3 1/3 percent of 1119 sales Price, I11 1119 case of a dlsposlllon of Calllofill r,
<br />real properly Interest by eltl,er:
<br />1, A seller who Is an Individual will, a last known street address oulsldv
<br />of Callfornla or when ll,e disburserr,er,l Instructions auIllorize Ilre
<br />proceeds be sent to a ilr,anelal Inlermedlaty of the seller, On
<br />2, A corporate seller which I,as no pert„anent place of business IIi
<br />California.
<br />f+or [allure 10 wlll,l,old, Il,e buyer may became sub)ecl to a penally Ir, all
<br />amount equal to the greater of 10 percent v( the arnounj required 10 be
<br />wlll,field or live hundred dollars ($,UO.Uu).
<br />However, not will is any other provlslori Included In Ilse Calllornla
<br />elatules reterenced above,i o buyer
<br />wilbg 1
<br />1orequilor�required to ar,y
<br />almuill or be subject to pery t
<br />1. Tl,e sales price of Illvtl oulsan� � Ilarsr(� 100,000 OU )� Oft s I'o
<br />exceed one Hundred
<br />2, . Tiro seller executes a wrlllen certlllcale, under tl,e penally of perjury,
<br />certifying that 1he seller Is a resident of Callfornla, or It a corporal on,
<br />I,as a perrYtar,eril place of business In California, 011
<br />3, The seller, who Is an Individual, executes a wrlllel, cerilllca19, udder
<br />111e penally of per)ury, that the Callfornla real property being
<br />conveyed Is I11e seller's princll)a) residence ( as dellr,ed In Secllor,
<br />1034 of mo Internal nevenue Code) .
<br />the seller Is subject to penally for knowingly Illlh,g a fraudulent cerllllcale
<br />for the purpose at avoiding the will,livlding requirerr,enl.
<br />il,e California statutes reference above
<br />cecl wll�,I,oIcling iulls atrd warlvehr s j`IQo11zv
<br />1119 1=rancl,ise Tax Board to grant re
<br />w11111iolding on a case by case busts.
<br />DATED
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