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...
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