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PUBLIC DISCLOSURE COPY11190911 797738 5617580772019.04020 ELLEN CHARITIES, INC.56175801** PUBLIC DISCLOSURE COPY **990Form (Rev. January 2020)Return of Organization Exempt From Income Tax OMB No.

How to fill out property disclosure statement

How to fill out property disclosure statement

1. To fill out a property disclosure statement, follow these steps:
2. Begin by obtaining a property disclosure statement form from your local real estate agency or download it from a reputable source.
3. Read the instructions on the form carefully to understand the information required and the format in which it should be provided.
4. Start by providing the basic details of the property such as the address, legal description, and any unique identification numbers.
5. Disclose any known defects or material facts about the property. This may include information about the structural condition, plumbing, electrical, HVAC systems, or any other significant components.
6. If applicable, disclose any past or ongoing legal disputes or litigation related to the property.
7. Include information about any environmental hazards or concerns that may affect the property, such as lead paint, asbestos, or mold.
8. Provide details about any renovations or improvements done on the property along with relevant permits or certificates obtained for those changes.
9. If there have been any insurance claims filed for the property, disclose the details and outcomes of those claims.
10. Sign and date the property disclosure statement to certify the accuracy and completeness of the information provided.
11. Keep a copy of the completed property disclosure statement for your records and provide a copy to the buyer or their representative.
12. Note: It is advisable to consult with a real estate professional or attorney for guidance on filling out a property disclosure statement specific to your jurisdiction and property type.

Who needs property disclosure statement?

1. The property disclosure statement is typically needed by sellers or property owners who are planning to sell their property.
2. Real estate agents and brokers may also require property disclosure statements from sellers as part of their listing procedure.
3. In some jurisdictions, property disclosure statements may also be required for rental properties, especially when there may be known defects or issues that could affect the tenant's health or safety.
4. Ultimately, the specific requirements for who needs a property disclosure statement may vary depending on the laws and regulations of the jurisdiction in which the property is located. It is important to consult with a legal professional or real estate agent familiar with the local regulations for accurate guidance.

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What is property disclosure statement?

Property disclosure statement is a document that provides information about the condition of a property that is being sold.

Who is required to file property disclosure statement?

In most cases, sellers are required to file a property disclosure statement when selling a property.

How to fill out property disclosure statement?

The property disclosure statement can be filled out by providing truthful and accurate information about the property.

What is the purpose of property disclosure statement?

The purpose of the property disclosure statement is to inform potential buyers about any known issues or defects with the property.

What information must be reported on property disclosure statement?

Information such as past repairs, renovations, current condition of the property, and any known issues must be reported on the property disclosure statement.