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The (TDS) describes the condition of a property and, in the case of a sale, must be given to a prospective buyer as soon as practicable and before transfer of title.
The California Residential Purchase Agreement (RPA) form is the cornerstone of every successful real estate transaction in the state of California and there are several essential concepts, principles, and facts about this form that all REALTORS® should know.
This contract requires you to fill out the (SPQ) when you are required to fill out the (TDS). For more residential sales, you will be required to fill out the TDS by law, though there are exceptions. The SPQ protects you, the seller.
The (TDS) describes the condition of a property and, in the case of a sale, must be given to a prospective buyer as soon as practicable and before transfer of title.
In 1985 the California General Assembly added an article to the Civil Code, § 1102 et seq., entitled "Disclosures Upon Transfer of Residential Property." (Stats. 1985, ch. 1574, § 2, p. 5788.)
(C.A.R. Form SPQ, Revised 11/09) This form is not a substitute for the (TDS). It is used by the Seller to provide additional information when a TDS is completed or when no TDS is required. I.
7: The (TDS) provides information regarding the. As required by California Civil Code, a transferee (buyer) of residential real property is entitled to a statement from the transferor (seller) which provides information regarding the physical condition of the property.
A California property disclosure statement, also referred to as a (TDS), is a document used during a real estate transaction to inform buyers of the true condition of the property being sold by an owner (seller).