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Form 4768 California Alameda: What You Should Know

Payments to the Assessor and Assessor's office: Form 4768-R (“R”). Affidavit of Covenant Residency. A deed of covenants and limitations of a deed and/or of any interest in the real or personal property, including any right, title, or interest in any easements or interests of the owner granted in a will, trust, or other instrument by either, the heirs of the owner, a member of the owner's family, the owner or of another individual who owns an interest in the property, or a group of five or more persons, in which they each covenant that such individual and members in common shall purchase the property from the common owners of the property for a price determined by the Assessor of Taxes, at least seven (7) days prior to the time of closing, in an amount of at least five thousand dollars (5,000.00), except that such covenants shall terminate upon written notice to be given to all covenants. Such oath by a person declaring an interest in the property and an agreement to purchase the property shall constitute an acknowledgment of the facts set forth on the oath. If the declaration of interest is made or the agreement to purchase the property is given by any of the following persons, a deed of covenants and limitation in the form prescribed for Declarations and Agreements under Section 17201 of the California Constitution: (1) a member of the owner's family, (2) a relative of the owner or the owner's spouse, or (3) a person with an interest in the real or personal property having an annual income of three hundred (300.00) and less in the preceding calendar year or being the owner of any interest in the real or personal property or a business in which the owner's annual income is above three hundred dollars (300.

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