State of California’s Transfer Disclosure Statement and NHD
The California Transfer Disclosure Statement (T D S) over any damage or defects with the property, or explaining what the property has such as whether or not it is connected to public sewer or if it has a septic tank. All of the items and systems that transfer as real property in the transaction are noted... The Transfer Disclosure Statement protects the Seller from non-disclosure disputes if the buyer ends up having any issues with the property. The TDS also lets the buyer know ahead of time what kind of property they are buying. Another type of disclosure is the California Natural Hazard Disclosure Statment. The NHD goes over natural hazard areas that the home falls under. These hazards include Flooding, Earthquake...
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...
Enter your email to subscribe.
