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.
The Michigan Declaration de Descargo de Responsabilidad y DescripcióndermalaProvideddResidentiall, also known as the Residential Property Disclosure and Disclaimer Statement, is a legally required document that is used during the sale of residential properties in the state of Michigan. This document serves as a disclosure statement, providing important information about the condition and potential issues of the property being sold. It is essential for both buyers and sellers to be familiar with this document to ensure a smooth and transparent transaction. The Residential Property Disclosure and Disclaimer Statement covers various aspects of the property, including its physical condition, environmental hazards, maintenance history, and any known issues or defects. Sellers are obligated to complete this statement truthfully, disclosing any material facts that may affect the buyer's decision-making process. The content of this document may include keywords such as: 1. Property Description: The document will provide a detailed description of the property, including its address, size, and other pertinent information. 2. Physical Condition: Sellers must disclose any known defects or issues with the property's structure, systems (e.g., plumbing, heating, electrical), appliances, or any other components. Examples of keywords related to physical condition may include "structural integrity," "water damage," "roof condition," "foundation issues," etc. 3. Environmental Hazards: The statement will address potential environmental hazards present on the property, such as the existence of lead-based paint, asbestos, radon gas, mold, or any other hazardous substances. Keywords related to environmental hazards may include "lead-based paint disclosure," "asbestos inspection," "radon levels," "mold presence," etc. 4. Legal Issues: The document may mention any legal matters related to the property, such as ongoing disputes, easements, encroachments, or zoning restrictions. Keywords like "property boundaries," "easements," "property lines," "zoning regulations," etc., may be included. 5. Previous Repairs and Maintenance: Sellers may be required to disclose any repairs or maintenance performed on the property, including major renovations, pest control treatments, or regular maintenance schedules. Keywords like "renovations," "repairs," "maintenance history," "pest control," etc., may be relevant. It is important to note that there may be different versions of the Residential Property Disclosure and Disclaimer Statement depending on local jurisdictions or specific property types (e.g., condos, multi-family homes). It is crucial for both buyers and sellers to understand and comply with the specific requirements and formats applicable to their situation. Ultimately, the Michigan Declaration de Descargo de Responsabilidad y DescripcióndermalaProvideddResidentiall serves to protect both buyers and sellers by ensuring a transparent and informed real estate transaction and minimizing potential legal disputes.
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.
