Transfer Disclosure Statement
2017 Califronia Transfer Disclosure Statement The Califronia Transfer Disclosure Statement is a Document Required by Law. California Civil Code section 1102 explains that every residential seller is required to provide the buyer with a Transfer Disclosure Statement. The TDS goves of the codition of the property, covering things like any damages, or if there is a water heater, if it is electric or gas for example. It is the responcibility of the seller to fill out the TDS to the best of their ability. In case there is any attempt to sue a seller over non-disclosure the TDS is used as evidence to protect the seller. The TDS is important for serious buyers as it lets them get to know the property better...
Natural Hazard Disclosure Report
2017 California Natural Hazard Disclosure Report The California Natural Hazard Disclosure Report (NHD) is a California Required Disclosure. It is not uncommon to reach out to disclosure company vendors to have them put together a report for you. According to Wikipedia: California Civil Code Section 1103 covers the Natural Hazard Disclosure Statement. This Civil Code states that either real estate sellers or their broker are legally Required to Disclose if the property being sold lies within one or more state or locally mapped hazard areas. The law specifies that the six (6) required hazards be disclosed on a statutory form called the Natural Hazard Disclosure Statement (NHD). Required Risks Include: A Special Flood Hazard Area Dam Inundation Very High Fire ...
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