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NEIGHBORHOOD SERVICES & TRANSIT DEPARTMENT 10 First Street Northwest Mason City, IA 50401 6414213380 Faxes: 6414213623 www.masoncity.net Statement of Property Status by Owner PLEASE PRINT DATE: OWNER:
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How to fill out statement of property status

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How to fill out a statement of property status:

01
Begin by gathering any necessary documents, such as property deeds, mortgage agreements, or lease agreements.
02
Fill in your personal information, including your name, address, and contact details.
03
Provide details about the property, including the address, type of property (e.g., residential, commercial), and any additional features or amenities.
04
Indicate the current status of the property, such as whether you own it, rent it, or have it on lease.
05
If applicable, provide information about any outstanding mortgages, loans, or liens on the property.
06
If you are the property owner, indicate whether the property is your primary residence or if you use it for rental or investment purposes.
07
Include any additional details about the property's value, such as recent appraisals or assessments.
08
Review the statement for accuracy and completeness before submitting it.

Who needs a statement of property status?

01
Property owners: Individuals who own real estate properties may need to provide a statement of property status for various reasons, such as refinancing a mortgage, applying for a loan, or participating in a legal process.
02
Landlords: Property owners who rent out their properties may need to provide a statement of property status to potential tenants or for rental applications.
03
Insurance companies: When applying for property insurance, insurers may request a statement of property status to assess the property's value and any potential risks.
04
Real estate agents: Agents may ask for a statement of property status when listing a property for sale to accurately represent its current status to potential buyers.
05
Legal professionals: Lawyers and legal representatives often require a statement of property status for various legal proceedings, such as estate planning, divorce settlements, or boundary disputes.
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The statement of property status is a declaration of one's assets and liabilities.
Government officials, public servants, or individuals in positions of authority are required to file statement of property status.
To fill out a statement of property status, one must accurately list all assets and liabilities owned.
The purpose of the statement of property status is to promote transparency and prevent corruption.
One must report all assets such as real estate, vehicles, financial accounts, and liabilities such as debts.
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