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.
Minnesota 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
Format:
Word;
Rich Text
Instant download
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 Wisconsin statute does not require the asbestos to be unsafe for purposes of disclosure. Its mere existence is enough. The Wisconsin law allows the buyer to rescind the contract upon learning of a misrepresentation on the disclosure form. Wis Stat § 709.05.
Ing to Minnesota Statutes § 513.55, the seller should disclose ?all material facts that he is aware of that could adversely and significantly affect: an ordinary buyer's use and enjoyment of the property; or, any intended use of the property of which the seller is aware?.
The law specifically notes that a seller who does not make a disclosure as stipulated in the statute and was aware of significant problems with the property is liable to the prospective buyer. The buyer has two years after closing to take any legal action.
Do you have to report a death in your home while selling real estate in Minnesota? Minnesota do not require disclosure of death on a property.
What is a Seller's Disclosure Alternative form? The Seller's Disclosure Alternative is a way for the seller to opt out of disclosing information. They have a couple of choices in how they can opt out, but usually they use the Waiver option.
Minnesota law specifies that the seller of a residential property must make a written disclosure to the prospective buyer that includes all ?material facts of which the seller is aware that could adversely and significantly affect 1) an ordinary buyer's use and enjoyment of the property, or 2) any intended use of the ...
Is Minnesota a Non-Disclosure State? MN Seller Disclosure laws do not follow the rule of 'caveat emptor,' i.e. let the buyer beware. Thus, it is the seller's duty to disclose all material defects or additional disclosures that may affect the monetary value of the house to the prospective buyer.
Further questions address nearly every aspect of the home, from its tiling to air conditioning to roofing. The form also asks for various environmental disclosures, such as whether there is known asbestos in the home, or mold, water, or air contamination, or local noise or air pollution.