Get the free Seller's Special Assessment Disclosure Addendum - firstkc
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SPECIAL ASSESSMENT ADDENDUM In reference to the purchase contract dated, between, Buyer and Builder, covering the property legally described as Lot Block, Addition and Commonly known as, County, Kansas.
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How to fill out seller39s special assessment disclosure
How to fill out seller's special assessment disclosure?
01
Start by obtaining the seller's special assessment disclosure form, which can usually be found through your local real estate association or online.
02
Review the form thoroughly to understand the information required and any specific instructions for filling it out.
03
Begin by entering the date of the disclosure and providing the name and contact information of the seller.
04
Provide the address of the property being sold and ensure its accuracy.
05
Disclose any special assessments that are currently in effect or pending for the property. This includes any additional fees or charges that the buyer may be held responsible for as a result of ongoing or proposed improvements to the property or common areas.
06
If there are no special assessments to disclose, clearly state that there are none.
07
Indicate the date at which the seller became aware of the special assessments and provide any documentation or supporting evidence if required.
08
Sign and date the disclosure form, acknowledging that the information provided is accurate to the best of your knowledge.
09
Retain a copy of the completed form for your records and provide a copy to the buyer.
Who needs seller's special assessment disclosure?
01
Sellers of real estate properties that are subject to special assessments are required to provide the seller's special assessment disclosure.
02
This includes individuals, corporations, or any other entity selling a property that is part of a homeowners association, condominium association, or similar organization that imposes special assessments.
03
The disclosure is necessary to inform potential buyers of any financial obligations they may incur as a result of the special assessments, ensuring transparency in the sale process.
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What is seller39s special assessment disclosure?
Seller's special assessment disclosure is a document that discloses any special assessments or fees that may affect the property being sold.
Who is required to file seller39s special assessment disclosure?
The seller of the property is required to file the seller's special assessment disclosure.
How to fill out seller39s special assessment disclosure?
The seller should provide detailed information about any special assessments or fees associated with the property on the disclosure form.
What is the purpose of seller39s special assessment disclosure?
The purpose of the seller's special assessment disclosure is to inform potential buyers about any financial obligations related to the property.
What information must be reported on seller39s special assessment disclosure?
The seller must report any special assessments, fees, or any other financial obligations related to the property on the disclosure form.
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