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Alameda Association of REALTORS LOCAL DISCLOSURE SUPPLEMENT TO THE REAL ESTATE TRANSFER DISCLOSURE STATEMENT FOR RESIDENTIAL PROPERTIES LOCATED IN THE CITY OF ALAMEDA CALIFORNIA This supplement Supplement is in addition to the Real Estate Transfer Disclosure Statement required by Civil Code 1102 ET SEQ. and refers to the Real Estate Purchase Contract and Receipt for Deposit Contract which is dated between Buyer and Seller for the real property located at. INSPECTIONS DISCLOSURES AND OTHER...

How to fill out local residential disclosure statement

How to fill out a local residential disclosure statement:

1. Obtain a copy of the local residential disclosure statement form from the appropriate authority or agency. This form is typically provided by the city or county where the property is located.
2. Carefully read through the instructions and guidelines provided with the form to ensure you understand the requirements and obligations for filling out the document accurately.
3. Begin by providing your personal information such as your name, address, and contact details. This information is necessary for identification purposes.
4. If applicable, indicate whether you are the owner of the property or if you are representing the owner as their authorized agent.
5. Disclose any known material defects or issues that may affect the value, safety, or desirability of the property. This can include structural problems, leaks, pests, environmental hazards, or any other significant concerns.
6. Answer any specific questions or sections on the form regarding the property's condition, such as the age of the roof, HVAC system, or any recent renovations or repairs.
7. Provide additional information or documents as requested, such as warranties, permits, or inspection reports, to support the disclosure statement.
8. Review the completed disclosure statement for accuracy and ensure all required fields have been properly filled out.
9. Sign and date the form to certify that the information provided is true and accurate to the best of your knowledge.
10. Keep a copy of the completed disclosure statement for your records.

Who needs a local residential disclosure statement?

1. Homeowners who are selling their residential property typically need to provide a local residential disclosure statement to potential buyers. This is to ensure that buyers are fully informed about the condition and any known defects of the property before making a purchase.
2. Real estate agents or brokers representing the homeowner also need to be aware of the local residential disclosure statement requirements in order to properly assist their clients and ensure compliance with local regulations.
3. Buyers of residential properties may also benefit from understanding the local residential disclosure statement requirements to evaluate the condition and potential risks associated with a property they are considering purchasing. This can help them make an informed decision and negotiate terms accordingly.

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What is local residential disclosure statement?

Local residential disclosure statement is a document that discloses any information about the residential property being sold or leased which may affect the buyer or tenant's decision.

Who is required to file local residential disclosure statement?

Property sellers, landlords, or property agents are typically required to file the local residential disclosure statement.

How to fill out local residential disclosure statement?

The local residential disclosure statement should be filled out accurately and truthfully, providing all the necessary information about the property.

What is the purpose of local residential disclosure statement?

The purpose of the local residential disclosure statement is to inform potential buyers or tenants about any material facts or defects related to the property.

What information must be reported on local residential disclosure statement?

Information such as past renovations, property history, presence of pests, environmental hazards, and any known defects must be reported on the local residential disclosure statement.