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. Arkansas Residential Property Disclosure and Disclaimer Statement is an essential document offering detailed information about a residential property, ensuring transparency for both the seller and the buyer. This legally binding declaration provides potential buyers with the necessary knowledge about the property to make an informed decision. While there may not be different types of this statement, certain keywords relevant to the Arkansas Residential Property Disclosure and Disclaimer Statement include: 1. Residential Property: This term refers to a property primarily used for residential purposes, such as a house, apartment, or condominium. 2. Disclosure: Arkansas law requires sellers to disclose any known material defects or conditions that might affect the value or use of the property. This includes structural issues, water damage, pest problems, or issues with major systems like electrical, plumbing, or HVAC. 3. Disclaimer: The disclaimer portion of the statement clarifies that the seller is not responsible for any hidden or undisclosed defects that they were not aware of during the time of disclosure. It serves to protect the seller from potential liability. 4. Arkansas Real Estate Commission (ARE): The ARE is a regulatory agency responsible for overseeing real estate transactions within the state. Compliance with their regulations is critical for sellers and agents involved in a property sale. 5. Legal Obligations: The statement outlines the seller's legal obligations to provide accurate and thorough information about the property's condition and history, as required by Arkansas law. 6. Environmental Concerns: In compliance with state regulations, sellers must disclose any known environmental hazards associated with the property, such as lead-based paint, asbestos, or mold. 7. Property History: The disclosure statement may require the seller to provide information about any renovations, additions, or previous damages incurred by the property. 8. Termites and Pest Infestation: This section addresses the presence of termites or other pest infestations, as these can significantly impact the value and habitability of the property. 9. Disclaimer for Structural Defects: Sellers typically include a disclaimer regarding structural defects or conditions that require specialized inspections, such as the foundation, roof, or structural integrity of the building. 10. Seller's Warranty: The statement may include a section where the seller offers a limited warranty, typically covering any defects or issues arising after the sale for a specified period. It's important to note that the specific content and structure of the Arkansas Residential Property Disclosure and Disclaimer Statement may vary slightly depending on local laws, regulations, and individual circumstances. Consulting with a real estate attorney or licensed real estate agent is highly recommended ensuring compliance with state requirements and to address any property-specific concerns.
Arkansas Residential Property Disclosure and Disclaimer Statement is an essential document offering detailed information about a residential property, ensuring transparency for both the seller and the buyer. This legally binding declaration provides potential buyers with the necessary knowledge about the property to make an informed decision. While there may not be different types of this statement, certain keywords relevant to the Arkansas Residential Property Disclosure and Disclaimer Statement include: 1. Residential Property: This term refers to a property primarily used for residential purposes, such as a house, apartment, or condominium. 2. Disclosure: Arkansas law requires sellers to disclose any known material defects or conditions that might affect the value or use of the property. This includes structural issues, water damage, pest problems, or issues with major systems like electrical, plumbing, or HVAC. 3. Disclaimer: The disclaimer portion of the statement clarifies that the seller is not responsible for any hidden or undisclosed defects that they were not aware of during the time of disclosure. It serves to protect the seller from potential liability. 4. Arkansas Real Estate Commission (ARE): The ARE is a regulatory agency responsible for overseeing real estate transactions within the state. Compliance with their regulations is critical for sellers and agents involved in a property sale. 5. Legal Obligations: The statement outlines the seller's legal obligations to provide accurate and thorough information about the property's condition and history, as required by Arkansas law. 6. Environmental Concerns: In compliance with state regulations, sellers must disclose any known environmental hazards associated with the property, such as lead-based paint, asbestos, or mold. 7. Property History: The disclosure statement may require the seller to provide information about any renovations, additions, or previous damages incurred by the property. 8. Termites and Pest Infestation: This section addresses the presence of termites or other pest infestations, as these can significantly impact the value and habitability of the property. 9. Disclaimer for Structural Defects: Sellers typically include a disclaimer regarding structural defects or conditions that require specialized inspections, such as the foundation, roof, or structural integrity of the building. 10. Seller's Warranty: The statement may include a section where the seller offers a limited warranty, typically covering any defects or issues arising after the sale for a specified period. It's important to note that the specific content and structure of the Arkansas Residential Property Disclosure and Disclaimer Statement may vary slightly depending on local laws, regulations, and individual circumstances. Consulting with a real estate attorney or licensed real estate agent is highly recommended ensuring compliance with state requirements and to address any property-specific concerns.
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.
