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Disclosure Laws for Iowa Home Sales Iowa Code 558A requires sellers to deliver written disclosure statements to a person interested in buying a property before they have made a formal offer or the offer has been accepted.
Disclosure Law in Iowa for Home Sales The legal basis for this disclosure requirement is Iowa Code § 558A, which requires you, as a seller, to deliver a written disclosure statement to a person interested in buying your property before they've made a written offer or you've accepted it.
In full disclosure states, the seller's agent has a responsibility to notify the seller of the duty to disclose all known material facts.
What are the steps in a Contempt of Court action? We file an application for a contempt citation, including the facts supporting the application, with the Clerk of Court, and serve it on the person ordered to pay support. The court holds a hearing to decide whether the violation of the support order is willful.
Disclosure Laws for Iowa Home Sales The law goes on to require sellers to send disclosure statements to potential buyers either personally or by certified or registered mail. It's worth noting here that these disclosures cannot be done orally. The law requires written disclosures.
The Iowa Code requires the seller to provide the disclosure to the buyer before an offer can be accepted. Essentially, the seller is required to disclose all known conditions that materially affect the property.
Disclosure Law in Iowa for Home Sales The legal basis for this disclosure requirement is Iowa Code § 558A, which requires you, as a seller, to deliver a written disclosure statement to a person interested in buying your property before they've made a written offer or you've accepted it.
What must be disclosed? Under California law, all material facts that affect the value or desirability of the property must be disclosed to the buyer. There is no specific definition or rule on what is considered to be a material fact.