This form is an order to conditionally approve a disclosure statement.
Iowa Order Conditionally Approving Disclosure Statement, etc - B 13S
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How to fill out Order Conditionally Approving Disclosure Statement, Etc - B 13S?
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FAQ
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.
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.
The disclosure statement is a document that must contain information concerning the assets, liabilities, and business affairs of the debtor sufficient to enable a creditor to make an informed judgment about the debtor's plan of reorganization.
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.
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.