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Alaska Seller's Disclosure of Property Condition

This document is part of the Package "Essential Alaska Legal Documents" | 174 docs included
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Alaska Seller's Disclosure of Property Condition
Seller’s Disclousre of

Property Condition





This Seller's Disclosure of Property Condition is intended to assist Seller in

ocstoc Legal Agreements









disclosing to a Buyer all known materials or adverse facts relating to the

physical condition of the property that are not readily observable.









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Entire document © Docstoc, Inc., 2010, 2011







Attorney Drafted

© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 1

SELLER'S DISCLOSURE OF PROPERTY CONDITION





The information in this form is based upon the undersigned’s observation and knowledge about

the property during the period beginning on the date of his or her purchase of it on _____

[Month] ___ [Date], 20____ [Instruction: Insert the date of purchase] and ending on _____

[Month] ___ [Date], 20____ [Instruction: Insert the date of this form]





CONCERNING THE PROPERTY AT:

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

[Instruction: Insert the property address]





NOTICE TO SELLER AND PURCHASER: THIS NOTICE IS A DISCLOSURE OF ALL

SELLER'S KNOWLEDGE OF THE PHYSICAL CONDITION OF THE PROPERTY

INCLUDING DISCLOSURE TO A BUYER ALL KNOWN MATERIALS OR ADVERSE

FACTS RELATING TO THE PHYSICAL CONDITION OF THE PROPERTY THAT ARE

NOT READILY OBSERVABLE AS OF THE DATE SIGNED BY SELLER AND IS NOT A

SUBSTITUTE FOR ANY INSPECTIONS OR WARRANTIES THE PURCHASER MAY

WISH TO OBTAIN. IT IS NOT A WARRANTY OF ANY KIND BY SELLER OR SELLER'S

AGENTS.









© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 2

1. The Property has the items checked below:

[Comment: Write Yes (Y) No (N), or Unknown (U) as per applicable]





Property Items Yes(Y) No(N) Unknown (U)

Range

Oven

Microwave

Dishwasher

Trash Compactor

Disposal

Washer/Dryer

Hookups

Window Screens

Rain Gutters

Security System

Fire Detection

Equipment

Intercom System

TV Antenna

Cable TV Wiring

Satellite Dish

Ceiling Fan(s)

Attic Fan(s

Exhaust Fan(s)

Central Heating

Wall/Window

Air Conditioning

Plumbing System

Septic System

Public Sewer System







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Patio/Decking

Outdoor Grill

Fences

Pool

Sauna

Spa

Hot Tub

Pool Equipment

Pool Heater

Automatic Lawn

Sprinkler

Fireplace(s)/Chimney

(Wood)

Fireplace(s)/Chimney

(Mock)

Gas Lines (Nat. /LP)

Gas Fixtures

Carport

Garage Door

Opener(s)

Electronic

Control(s)

Water Heater

Gas

Electric

Water Supply

Well

Mud

Roof Type: __________________ [Instruction: Insert the type of roof E.g., Metal, Tile, Slate]

Age: ________ (___) [Fifty (50)] years [◊ Instruction: Insert approximate age of the

property].





© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 4

2. Are you (Seller) aware of any of the above items that are not in working condition, that

have known defects, or that are in need of repair?

[Instruction: Choose any one as applicable] Yes (Y) ___ No (N) ___ Unknown (U) ___.





If yes, then describe. [Instruction: Attach additional sheets if necessary]:

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

_________________________________________________________________________









3. Are you (Seller) aware of any known defects/malfunctions in any of the following?

[Comment: Write Yes (Y) if you are aware; write No (N) if you are not aware as

applicable.]





Property Items Yes (Y) No (N)

Interior Walls

Exterior Walls

Doors

Windows

Ceilings

Roof

Floors

Basement

Walls/Fences

Driveways

Sidewalks

Plumbing/Sewers/Septic

Electrical Systems









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Lighting

Fixtures





Other Structural Components [Comment: Describe the structural components (if any)]

______________________________________________________________________________

______________________________________________________________________________

___________________________________________________________________________





If the answer to any of the above is yes, explain. [Instruction: Attach additional sheets if

necessary]:

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

_________________________________________________________________________









4. Are you (Seller) aware of any of the following conditions?

[Comment: Write Yes (Y) if you are aware; write No (N) if you are not aware.]





Property Conditions Yes (Y) No (N)

Active Termites

Termite or Wood Rot Damage

Previous Termite Damage

Needing Repair

Previous Termite Treatment

Previous Flooding

Improper Drainage

Water Penetration

Located in 100-Year

Floodplain









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Present Flood Insurance

Prior Structural/Roof Repair

Hazardous or Toxic Waste

Asbestos Components

Urea-formaldehyde Insulation

Radon Gas

Lead Based Paint

Aluminum Wiring

Previous Fires

Landfill, Settling, Soil

Subsurface Structure or Pits

Movement, Fault Lines









If the answer to any of the above is yes, explain. [Instruction: Attach additional sheets if

necessary]:

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________

_____________________________________________________________________________









5. Are you (Seller) aware of any item, equipment, or system in or on the Property that is in

need of repair? [Comment: Write Yes (Y) if you are aware; write No (N) if you are

not aware.]

If the yes, explain. [Instruction: Attach additional sheets if necessary]:

___________________________________________________________________________

___________________________________________________________________________









© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 7

___________________________________________________________________________

___________________________________________________________________________





6. Are you (Seller) aware of any of the following? [Comment: Write Yes (Y) if you are

aware; write No (N) if you are not aware as applicable.]





Property Condition Yes (Y) No (N)

Room additions,

structural modifications,

or other alterations or

repairs made without

necessary permits or not

in compliance with

building codes in effect

at that time.

Homeowners'

Association or

maintenance fees or

assessments.

Any "common area"

(facilities such as pools,

tennis courts, walkways,

or other areas) co-

owned in undivided

interest with others.

Any lawsuits directly or

indirectly affecting the

Property

Any condition on the

Property which

materially affects the





© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 8

physical health or safety

of an individual









If the answer to any of the above is yes, explain. [Instruction: Attach additional sheets if

necessary]:

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________





SELLER’S REPRESENTATION

Seller warrants that to the best of Seller’s knowledge, the above information is complete and

accurate as of the date signed by Seller. However, this disclosure statement is not a substitute

for inspections and/or warranties.

_________________________________





[Instruction: Insert the name of seller]



_______________________________________





[Instruction: Insert the printed name of seller]





_____ [Month] ___ [Date], 20__.









© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 9

BUYER’S RECEIPT AND ACKNOWLEDGEMENT

I acknowledge receipt of this Disclosure. I understand that except as stated in the Purchase

and Sale Agreement with Seller, the property is being sold in its present condition only,

without warranties of guarantees of any kind by Seller. No representations concerning the

condition of the property are being relied upon by me except as disclosed herein or stated in

the Purchase and Sale Agreement.

_________________________________





[Instruction: Insert the name of buyer]



_______________________________________





[Instruction: Insert the printed name of buyer]





_____ [Month] ___ [Date], 20__.









© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 10

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