District of Columbia Addendum for New Home Insulation Disclosure - Required by Federal Trade Commission

• Category: Real Estate - Contracts - Addendums
• State: Multi-State
• Control #: US-00472-A3
• Format: Word; Rich Text

Description

This form is a New Home Insulation Addendum to a Real Estate Contract, wherein the parties agree that the insulation in the dwelling will comply with certain standards. This addendum should be signed contemporaneously with the general Contract.

The District of Columbia Addendum for New Home Insulation Disclosure — Required by Federal Trade Commission is a document mandated by the Federal Trade Commission (FTC) that must be filled out and included in any new home sale or rental agreement in the District of Columbia. This addendum pertains specifically to the insulation used in newly constructed or significantly renovated homes and is intended to provide important information to buyers or tenants regarding the energy efficiency and insulation features of the property. The purpose of this addendum is to ensure that consumers are aware of the type, amount, and location of insulation in the home. It aims to promote transparency and help consumers make informed decisions about the energy efficiency of the property they are considering purchasing or renting. The addendum requires the seller or landlord to disclose the specific R-value, a measure of thermal resistance, for each type of insulation material used in the property. It also requires information about the thickness, location, and coverage of insulation in various areas of the home, such as walls, ceilings, and floors. The addendum may also require the disclosure of any additional energy-saving features, such as weatherstripping, caulking, or energy-efficient windows. By providing this information, consumers can evaluate the energy efficiency of the home and anticipate potential heating or cooling costs. It allows them to determine the insulation's adequacy for the local climate and their desired comfort level. This disclosure is particularly important as it aligns with the overall goals of energy conservation and sustainability. In addition to the main District of Columbia Addendum for New Home Insulation Disclosure, there may be variations or specific requirements for certain types of properties. For example, there might be separate addenda for multi-family dwellings, commercial buildings, or historic properties. These specific addenda may include additional factors to consider or additional information that needs to be disclosed. Ultimately, the District of Columbia Addendum for New Home Insulation Disclosure serves as a crucial tool in promoting energy efficiency, consumer education, and informed decision-making in the real estate market. By providing comprehensive information about a property's insulation features, it empowers buyers and tenants to make choices that align with their energy conservation goals and budget considerations.