For your convenience, the complete English version of this form is attached below the Spanish version. This form is a Sellers Disclosure and Disclaimer Statement for use in a residential sales transaction. This statement concerns the condition of property and is completed by the Seller. Though this form is valid in many states, your state may require a specific disclosure form. It is your duty to confirm you are meeting your legal obligations.
Iowa Declaracion de Descargo de Responsabilidad y Descripcion de una Propiedad Residencial. Residential Property Disclosure and Disclaimer Statement
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State:
Multi-State
Control #:
US-37014-SPAN
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Word;
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Description
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. Se trata de una declaración y denegación de responsabilidades por parte del vendedor, para ser utilizada en una transacción de compraventa de inmuebles para la vivienda. Esta declaración se refiere a la condición de la propiedad y es el Vendedor quien debe completarla. Aunque este formulario es válido en muchos estados, el suyo quizá pueda exigir un formulario específico. Queda bajo su responsabilidad corroborar que cumple con sus obligaciones legales.
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FAQ
The transfer disclosure statement (TDS) evaluates the condition of a property. Every residential seller must complete the TDS document. It will let the buyer know about major defects at the property.
Remember, the Iowa statute requires you to disclose "material" problems concerning your home. Material is understood to mean a problem that would significantly and adversely affecting the property's value, significantly reduce its structural integrity, or present a significant health risk to its occupants.
Unless the transaction is exempt. 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.
Examples of material facts that must be disclosed include structural problems with the house, soil problems, a leaking roof, unpermitted construction, neighborhood noise problems, and anything else that a buyer would deem to be important.
The answer is only residential properties. Most seller property disclosures are required for only residential properties.
