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How to fill out the Seller Disclosure Statement - WikipediaReferenceWhat Is A Property Disclosure Statement?LegalMatch online
The Seller Disclosure Statement is a crucial document in real estate transactions that helps ensure transparency between sellers and buyers. This guide provides clear instructions to assist sellers in accurately completing the statement to comply with Nevada law.
Follow the steps to complete the Seller Disclosure Statement
- Click ‘Get Form’ button to obtain the form and open it in your preferred editor.
- Begin by entering the property's address in the designated field. This ensures that the statement is associated with the correct location.
- Indicate your occupancy status by choosing 'Yes' or 'No' to the question regarding current or past occupation of the property.
- Select the type of seller from the provided options: Bank (financial institution), Asset Management Company, Owner-occupier, or Other.
- In the 'Purpose of Statement' section, understand that this document discloses any known conditions affecting the property, ensuring compliance with the Seller Real Property Disclosure Act.
- Answer all questions under 'Systems / Appliances' regarding potential issues you might be aware of, using 'Yes,' 'No,' or 'N/A' for each item listed. Provide explanations for any 'Yes' answers on the designated page.
- Proceed to the section about 'Property Conditions, improvements, and additional information' and disclose any known issues related to structure, land/foundation, roof, environmental hazards, etc.
- Fill in the details related to 'Common Interest Communities' if applicable, including information on any shared facilities or fees.
- At the end of the form, review and confirm the accuracy of your disclosures. It is essential to acknowledge that the information provided is true to the best of your knowledge.
- Save the completed document, then download, print, or share it as needed to complete the transaction.
Begin completing your Seller Disclosure Statement online for a transparent and compliant real estate transaction.
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The seller must complete the “Seller's Real Property Disclosure” form, detailing the condition of the property, known defects, and any other aspects of the property which may affect its use or value. A real estate licensee, unless he is the seller of the property, may not complete this form.
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