TN-37014 free printable template

What is the Tennessee Residential Property Disclosure Act?

• It aims to inform potential buyers about the property's condition, preventing disputes after the sale.
• Disclosure is critical in establishing trust; buyers feel reassured knowing the seller is honest about property conditions.
• Failure to disclose can lead to legal actions against the seller, resulting in monetary losses and reputation damage.
• Both parties benefit as disclosures provide clarity, ensuring informed decision-making and reducing post-sale conflicts.

How to complete the TN-37014 form: Step-by-step instructions

• Sellers should take time to fill out each section thoroughly. Mistakes can lead to significant issues later on.
• If certain conditions are uncertain or estimated, be transparent and label them clearly to maintain honesty.
• If you have a real estate agent, it’s essential to authorize them to share the form for efficiency.
• Include critical information such as the property address, seller's name, and the age of the property to complete the form.

What are the key sections of the TN-37014 form?

• Indicate whether the property is currently occupied or had past tenants to inform buyers about the living conditions.
• Differentiate between site-built homes and non-site-built properties to clarify construction standards and expectations.
• Clarify which appliances and systems are part of the property sale, giving buyers a full understanding of what they are purchasing.
• It’s essential to understand warranty disclaimers in the form to clarify the seller's liabilities.

What essential property features must be disclosed?

• Include all significant systems, like heating and cooling, and appliances. This helps gauge ongoing upkeep costs.
• Detail any outdoor structures or systems like decks and irrigation. These aspects can impact a buyer’s decision significantly.
• Disclose any past repairs or pest control measures, like termite treatments, indicating proactive property management.
• Mention any known maintenance issues that may affect the buyer's long-term enjoyment of the property.

How to manage and record your disclosure statement?

• Maximize pdfFiller's features for organizing your documents, making modifications easy and stress-free.
• Keep a thorough log of any modifications to your property condition, which can help resolve disputes and inquiries.
• Utilize electronic signing for added convenience and confirm the document's legality quickly.
• Share documents with yours or your agent’s team directly through pdfFiller, enhancing collaboration.

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