Get the free MOLD DISCLOSURE AND WAIVER

DAYTONA BEACH AREA ASSOCIATION OF REALTORS INSURANCE COVERAGE RIDER 1. Windstorm/Flood Insurance: The buyer understands that: A. Windstorm insurance is not available under hazard insurance coverage

How to fill out mold disclosure and waiver

How to fill out mold disclosure and waiver:

1. Start by gathering all relevant information about the property and any potential mold issues that have been discovered or that could potentially arise. This includes any previous mold problems, water damage, leaks, or any other conditions that may contribute to mold growth.
2. Clearly state the purpose of the mold disclosure and waiver form, which is to inform and protect both the seller and the buyer regarding any existing or potential mold issues in the property.
3. Begin filling out the form by providing the basic details of the property, such as the address, the name of the seller, and the name of the buyer.
4. Describe any known mold-related incidents or issues that have occurred in the property. Be as specific and detailed as possible, including the date of detection, the cause, and any actions taken to remediate the mold problem.
5. Include information about any repairs or renovations that have been made to address the mold issue. Specify if a professional mold remediation service was hired or if it was a DIY effort.
6. Address any ongoing moisture or water intrusion issues in the property, such as leaks or poor ventilation, that may contribute to mold growth in the future.
7. Provide the buyer with an opportunity to conduct a thorough inspection of the property for mold before finalizing the purchase. Include a provision for the buyer to bring in a professional mold inspector if desired.
8. Clearly state the limits of liability for the seller regarding mold-related issues. This may include a waiver of any future claims or lawsuits related to mold problems in the property.
9. Ensure that both the seller and the buyer sign and date the mold disclosure and waiver form. Consider having it notarized for added legal protection.
10. Keep a copy of the filled-out and signed mold disclosure and waiver form for future reference and legal purposes.

Who needs mold disclosure and waiver?

1. Home sellers or property owners who are aware of any existing or previous mold issues in the property.
2. Home buyers or potential tenants who want to be fully informed about any potential mold problems before making a purchase or signing a lease agreement.
3. Real estate agents or brokers who are involved in selling or renting properties and want to ensure full disclosure and protection for all parties involved.

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