Schedule B (Form 700) - California Interests In Real Property - Fair Political Practices Commission Page 2
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2instructions – schedule B
interests in real Property
Report interests in real property located in your agency’s
• If you received rental income, check the box indicating the
jurisdiction in which you, your spouse or registered domestic
gross amount you received.
partner, or your dependent children had a direct, indirect, or
• If you had a 10% or greater interest in real property and
beneficial interest totaling $2,000 or more any time during
received rental income, list the name of the source(s) if
the reporting period. Real property is also considered to be
your pro rata share of the gross income from any single
“within the jurisdiction” of a local government agency if the
tenant was $10,000 or more during the reporting period. If
property or any part of it is located within two miles outside
you received a total of $10,000 or more from two or more
the boundaries of the jurisdiction or within two miles of any
tenants acting in concert (in most cases, this will apply
land owned or used by the local government agency. See
to married couples), disclose the name of each tenant.
Reference Pamphlet, page 13.
Otherwise, mark “None.”
interests in real property include:
• Loans from a private lender that total $500 or more and
are secured by real property may be reportable. loans
• An ownership interest (including a beneficial ownership
from commercial lending institutions made in the
interest)
lender’s regular course of business on terms available
• A deed of trust, easement, or option to acquire property
to members of the public without regard to your official
• A leasehold interest (See Reference Pamphlet, page 14.)
status are not reportable.
• A mining lease
When reporting a loan:
• An interest in real property held in a retirement account
-
Provide the name and address of the lender.
(See Reference Pamphlet, page 15.)
-
Describe the lender’s business activity.
• An interest in real property held by a business entity or
-
Disclose the interest rate and term of the loan. For
trust in which you, your spouse or registered domestic
variable interest rate loans, disclose the conditions
partner, and your dependent children together had a 10%
of the loan (e.g., Prime + 2) or the average interest
or greater ownership interest (Report on Schedule A-2.)
rate paid during the reporting period. The term of
• Your spouse’s or registered domestic partner’s interests in
a loan is the total number of months or years given
real property that are legally held separately by him or her
for repayment of the loan at the time the loan was
You are not required to report:
established.
• A residence, such as a home or vacation cabin, used
SChEDuLE B
-
Check the box indicating the highest balance of the
Interests in real Propert
exclusively as a personal residence (However, a residence
loan during the reporting period.
(Including Rental Income)
in which you rent out a room or for which you claim a
SChEDuLE B
-
Identify a guarantor, if applicable.
Interests in real Propert
► ASSESSOR’S PARCEL NuMBER OR STREET ADDRESS
► ASSESSOR’S
business deduction may be reportable. If reportable,
4600 24th Street
(Including Rental Income)
report the fair market value of the portion claimed as a tax
If you have more than one
CITY
CITY
Sacramento
► ASSESSOR’S PARCEL NuMBER OR STREET ADDRESS
► ASSESSOR’S P
deduction.)
reportable loan on a single
4600 24th Street
FAIR MARKET vALuE
IF APPLICABLE, LIST DATE:
FAIR MARKET
$2,000 - $10,000
$2,000 - $1
piece of real property, report
CITY
16
16
CITY
/
/
/
/
Please note: A non-reportable residence can still be
$10,001 - $100,000
$10,001 - $
Sacramento
ACQuIRED
DISPOSED
$100,001 - $1,000,000
$100,001 -
the additional loan(s) on
Over $1,000,000
Over $1,00
grounds for a conflict of interest and may be disqualifying.
FAIR MARKET vALuE
IF APPLICABLE, LIST DATE:
FAIR MARKET
NATuRE OF INTEREST
$2,000 - $10,000
NATuRE OF IN
$2,000 - $1
Schedule C.
16
16
/
/
/
/
$10,001 - $100,000
$10,001 - $
Ownership/Deed of Trust
Easement
Ownership/
• Interests in real property held through a blind trust (See
ACQuIRED
DISPOSED
$100,001 - $1,000,000
$100,001 -
Over $1,000,000
Leasehold
Over $1,000
Leasehol
Reference Pamphlet, page 16, for exceptions.)
example:
Yrs. remaining
Other
NATuRE OF INTEREST
NATuRE OF IN
IF RENTAL PROPERTY, GROSS INCOME RECEIvED
IF RENTAL PR
Ownership/Deed of Trust
Easement
Ownership/D
Joe Nelson is a city planning
to complete schedule B:
$0 - $499
$500 - $1,000
$1,001 - $10,000
$0 - $499
Leasehold
Leasehold
$10,001 - $100,000
OvER $100,000
$10,001 - $
commissioner. Joe received
Yrs. remaining
Other
• Report the precise location (e.g., an assessor’s parcel
If you own a 10% or greater
SOuRCES OF RENTAL INCOME:
SOuRCES OF
IF RENTAL PROPERTY, GROSS INCOME RECEIvED
IF RENTAL PR
rental income of $12,000
interest, list the name of each tenant that is a single source of
interest, list t
income of $10,000 or more.
income of $1
$0 - $499
$500 - $1,000
$1,001 - $10,000
$0 - $499
number or address) of the real property.
None
None
during the reporting period
$10,001 - $100,000
OvER $100,000
$10,001 - $
Henry Wells
If you own a 10% or greater
SOuRCES OF RENTAL INCOME:
SOuRCES OF
• Check the box indicating the fair market value of your
from a single tenant who
interest, list the name of each tenant that is a single source of
interest, list th
income of $10,000 or more.
income of $10
interest in the property (regardless of what you owe on the
rented property Joe owned
None
None
Henry Wells
property).
in the city’s jurisdiction. If Joe
*
You are not required to report loans from commercial lending institutio
business on terms available to members of the public without regard t
had received the $12,000
• Enter the date acquired or disposed only if you initially
loans received not in a lender’s regular course of business must be dis
from two or more tenants, the
acquired or entirely disposed of your interest in the
*
NAME OF LE
NAME OF LENDER
*
You are not required to report loans from commercial lending institution
Sophia Petroillo
tenants’ names would not be
property during the reporting period.
business on terms available to members of the public without regard to
ADDRESS (B
ADDRESS (Business Address Acceptable)
loans received not in a lender’s regular course of business must be dis
2121 Blue Sky Parkway, Sacramento
required as long as no single
• Identify the nature of your interest. If it is a leasehold,
*
NAME OF LE
NAME OF LENDER
BuSINESS A
BuSINESS ACTIvITY, IF ANY, OF LENDER
tenant paid $10,000 or more.
Sophia Petroillo
Restaurant Owner
disclose the number of years remaining on the lease.
ADDRESS (Business Address Acceptable)
ADDRESS (B
INTEREST RATE
TERM (Months/Years)
INTEREST R
A married couple would be
8
15 Years
2121 Blue Sky Parkway, Sacramento
%
None
considered a single tenant.
BuSINESS A
BuSINESS ACTIvITY, IF ANY, OF LENDER
HIGHEST BALANCE DuRING REPORTING PERIOD
HIGHEST BA
reminders
Restaurant Owner
$500 - $1,000
$1,001 - $10,000
$500 - $1
INTEREST RATE
TERM (Months/Years)
INTEREST R
OvER $100,000
$10,001 - $100,000
$10,001 -
• Income and loans already reported on Schedule B are
8
15 Years
%
None
Guarantor, if applicable
Guaranto
not also required to be reported on Schedule C.
HIGHEST BALANCE DuRING REPORTING PERIOD
HIGHEST BA
$500 - $1,000
$1,001 - $10,000
$500 - $1
• Real property already reported on Schedule A-2, Part 4
Comments:
$10,001 - $100,000
OvER $100,000
$10,001 -
is not also required to be reported on Schedule B.
Guarantor, if applicable
FPPC Form 700 (2016/2017)
Guarantor
FPPC
FPPC Advice Email: advice@fppc.ca.gov
• Code filers – do your disclosure categories require
Comments:
FPPC Toll-Free Helpline: 866/275-3772
disclosure of real property?
Instructions – 4
FPPC
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