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The seller must warn the buyer of any known issues with the property. Commonly called disclosures, these may include past repairs, environmental hazards, and anything else that could affect the value of the property.
What is a Disclosure Form? A disclosure form is a formal document that contains all the terms, conditions, assets, risks, and liabilities associated with a specific contract or agreement.
If you're the owner of a house built prior to 1978, chances are you must provide a lead-based paint disclosure form when you sell or rent your property, unless you fall within one of the exemptions.
Except as otherwise provided in subsection 2: (a) At least 10 days before residential property is conveyed to a purchaser: (1) The seller shall complete a disclosure form regarding the residential property; and (2) The seller or the seller's agent shall serve the purchaser or the purchaser's agent with the completed ...
A seller must give a completed disclosure statement to the buyer before they both sign the purchase agreement.
The listing agent must deliver the Disclosure Form to the seller prior to the time the listing is signed by the seller.
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.
Unlike in some states, Nevada's legislation does not specifically state what areas or aspects of the property require some sort of disclosure.