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Mar 20, 2014 ... seller is required to deliver to the buyer a real estate Transfer Disclosure Statement. (TDS) pursuant to the Transfer Disclosure Law. (CIV. Code ...
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What is transfer disclosure statement?
Transfer disclosure statement is a document that provides information about the condition of a property being sold, including any known defects or issues.
Who is required to file transfer disclosure statement?
In most real estate transactions, the seller is required to file the transfer disclosure statement.
How to fill out transfer disclosure statement?
To fill out a transfer disclosure statement, the seller must provide accurate information about the property's condition, any known issues, and any renovations or repairs that have been made.
What is the purpose of transfer disclosure statement?
The purpose of the transfer disclosure statement is to inform the buyer about the condition of the property they are purchasing, in order to make an informed decision.
What information must be reported on transfer disclosure statement?
Information such as the property's physical condition, any past or present issues, renovations, repairs, and any environmental hazards must be reported on the transfer disclosure statement.
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