Seller's Disclosure of Property Condition

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Seller's Disclosure of Property Condition Powered By Docstoc
					This is a document that a seller uses to disclose the condition of real property they are
trying to sell. The seller discloses whether the property has certain features, including
an oven, microwave, dishwasher, washer, dryer, trash compactor, and much more. It
also requires the seller to disclose known defects of the property including any damage
or malfunction to fixtures, walls, and drainage. This document can be used by
individuals or small businesses that want to sell property and want to provide a
disclosure to potential buyers.
                 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.

   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

Patio/Decking


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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



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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].

    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



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Ceilings

Roof

Floors

Basement

Walls/Fences

Driveways

Sidewalks

Plumbing/Sewers/Septic
Electrical Systems

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?

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    [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

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



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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]:
    ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________
    ___________________________________________________________________________

    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

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                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
                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




© Copyright 2012 Docstoc Inc.                                                    8
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 2012 Docstoc Inc.                                                          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 2012 Docstoc Inc.                                                       10

				
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Description: This is a document that a seller uses to disclose the condition of real property they are trying to sell. The seller discloses whether the property has certain features, including an oven, microwave, dishwasher, washer, dryer, trash compactor, and much more. It also requires the seller to disclose known defects of the property including any damage or malfunction to fixtures, walls, and drainage. This document can be used by individuals or small businesses that want to sell property and want to provide a disclosure to potential buyers.