A. Delivery of Local Addendum TDS. All transferors (sellers) of real property (including developers) subject to any special assessment district liens in the city of Bakersfield shall deliver to the buyer a completed Local Addendum Transfer Disclosure Statement pursuant to California Civil Code Section 1102.6(a), in which the nature and amount of all existing and/or proposed special assessment liens regarding the property shall be set forth plainly and concisely. This requirement applies to transfers by sale, exchange, installment land sale contracts (as defined in Civil Code Section 2985), lease with option to purchase, any other option to purchase, or ground lease coupled with improvements, unless the transfer is exempt as set forth in subsection C below. If the seller is unaware of the exact amount of the special assessment lien, the seller shall estimate the lien amount based on information and knowledge available or known to seller at the time of the disclosure.

B. Time of Delivery. In the case of transfers of new one-to-four unit residential properties wherein the transferror is a developer or original builder and the residential property has not previously been occupied, the Local Addendum Transfer Disclosure Statement shall be delivered to the buyer at or prior to the time the buyer enters into a contract for the sale of the property. In all other cases, the Local Addendum Transfer Disclosure Statement shall be delivered to the buyer within five days after entering into a contract for the sale of the property.

C. Exempt Transfers. Transfers made pursuant to Business and Professions Code Section 11010.4 (sales of new one to four unit residential properties where no public report is required) shall not be exempt from the requirements of this section. However, each of the remaining categories of exempt transfers described in California Civil Code Section 1102.01, as set forth below, shall be exempt transfers from the requirements of this section, to wit: