The Burbank California Supplemental Disclosure Package for Residential Real Estate Sale is a comprehensive collection of documents and information that provides potential buyers with important details about a residential property in the Burbank area. It is a crucial part of any real estate sale transaction, ensuring transparency and disclosure of critical information to the buyer. The package typically includes a variety of documents that allow buyers to make informed decisions. These may consist of: 1. Seller's Disclosure Statement: This document is completed by the seller and provides information about the property's condition, any known defects, and past repairs or renovations. 2. Natural Hazard Disclosure Report: Burbank, being located in earthquake-prone California, requires sellers to disclose any potential natural hazards that may impact the property, such as earthquake fault zones, flood zones, or fire risk areas. 3. Homeowner's Association (HOA) Documents: If the property is part of a homeowners' association, the disclosure package will typically contain relevant HOA documents, bylaws, and financial statements. These provide information on monthly dues, rules and regulations, and shared property amenities. 4. Property Tax Disclosure: This document outlines the property's assessed value, current tax rate, and any special assessments, such as Mello-Roos or bonds. 5. Lead-Based Paint Disclosure: If the property was built before 1978, this disclosure is mandatory to inform buyers about the potential presence of lead-based paint, including any known hazards or precautions. 6. Pest Control Report: This report provides information on any current or previous pest infestations, including termites, rodents, or other pests, and the measures taken to address them. 7. Title Report: The title report confirms the property's ownership history, existing liens, encumbrances, or easements that may affect the title's marketability. It's important to note that these types of documents can vary depending on the specific circumstances of each real estate sale. Some other possible supplemental disclosures may include geological hazard reports, energy efficiency disclosures, or special requirements for homes located in historical districts. In summary, the Burbank California Supplemental Disclosure Package for Residential Real Estate Sale encompasses a wide range of information and documents that aim to provide transparency and protect prospective buyers in their decision-making process. It ensures that buyers have access to all relevant information regarding the property, enabling them to make well-informed decisions while maintaining compliance with legal disclosure obligations.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.