Residential Property Disclosure And Disclaimer Statement

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RESIDENTIAL PROPERTY DISCLOSURE AND DISCLAIMER STATEMENT
INSTRUCTIONS TO THE SELLER
Please complete the following form. Do not leave any spaces blank. If the question clearly does not apply to the property write "NA".
If the answer to any items requires explanation, explain on attached sheets, if necessary.
NOTICE TO THE BUYER
THE FOLLOWING DISCLOSURES ARE MADE BY THE SELLER(S), CONCERNING THE CONDITION OF THE PROPERTY
LOCATED AT ______________________________________________________________________________________________
___________________________________________________________________________________________________________.
("THE PROPERTY"), OR AS LEGALLY DESCRIBED ON ATTACHED EXHIBIT A.
DISCLOSURES CONTAINED IN THIS FORM ARE PROVIDED BY THE SELLER ON THE BASIS OF SELLER'S ACTUAL
KNOWLEDGE OF THE PROPERTY AT THE TIME THIS DISCLOSURE FORM IS COMPLETED BY THE SELLER.
THE
FOLLOWING ARE DISCLOSURES MADE BY THE SELLER AND ARE NOT THE REPRESENTATIONS OF ANY REAL
ESTATE LICENSEE OR OTHER PARTY. THIS INFORMATION IS FOR DISCLOSURE ONLY AND IS NOT INTENDED TO
BE A PART OF ANY WRITTEN AGREEMENT BETWEEN THE BUYER AND THE SELLER.
FOR A MORE COMPREHENSIVE EXAMINATION OF THE SPECIFIC CONDITION OF THIS PROPERTY YOU ARE
ADVISED TO OBTAIN AND PAY FOR THE SERVICES OF A QUALIFIED SPECIALIST TO INSPECT THE PROPERTY ON
YOUR
BEHALF,
FOR
EXAMPLE,
ARCHITECTS,
ENGINEERS,
LAND
SURVEYORS,
PLUMBERS,
ELECTRICIANS,
ROOFERS, BUILDING INSPECTORS, OR PEST AND DRY ROT INSPECTORS.
THE PROSPECTIVE BUYER AND THE
OWNER MAY WISH TO OBTAIN PROFESSIONAL ADVICE OR INSPECTIONS OF THE PROPERTY AND TO PROVIDE
FOR APPROPRIATE PROVISIONS IN A CONTRACT BETWEEN THEM WITH RESPECT TO ANY ADVICE, INSPECTION,
DEFECTS OR WARRANTIES.
Seller(s), ____________________________________________________________, [is] / [is not] currently occupying the property.
Seller has owned the property for ______ years.
I. SELLER’S DISCLOSURES. If explanation is needed, use attached sheet if necessary. Approximations should be labeled as such.
1. TITLE
YES
NO
UNKNOWN
A. Do you have legal authority to sell the property?
B. Is title to the property subject to any of the following:
(1) First right of refusal
If yes, explain:
(2) Option
If yes, explain:
(3) Lease or Rental Agreement
If yes, explain:
(4) Life Estate
If yes, explain:
C. Are there any encroachments, boundary disputes, or boundary agreements?
If yes, explain:
D. Are there any rights of way, easements, or access limitations that may affect the owner's
use of the property?
If yes, explain:
E. Are there any written agreements for joint maintenance of an easement or right of way?
If yes, explain:
F. Is there any study, survey project, or notice that would adversely affect the property?
If yes, explain:
G. Are there any pending or existing assessments against the property?
If yes, explain:
H. Are there any zoning violations, nonconforming uses, or any unusual restrictions on the
subject property that would affect future construction or remodeling?
If yes, explain:
I. Is there a boundary survey for the property? If yes, attach survey.
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