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. New Mexico Residential Property Disclosure and Disclaimer Statement is an essential legal document that sellers of residential properties in New Mexico must provide to potential buyers. This statement aims to protect both the seller and the buyer by disclosing important information about the property and clarifying any possible disclaimers or liabilities associated with it. Here is a detailed description of what is typically included in this document: 1. Property Description: The Residential Property Disclosure and Disclaimer Statement starts with a detailed description of the property being sold. This includes the address, the type of property (e.g., single-family home, condominium, etc.), and any other unique features or characteristics. 2. Seller's Disclosures: The document requires sellers to make various disclosures related to the property. These disclosures cover different areas and potential issues, such as structural defects, water and sewage systems, electrical and plumbing systems, roof condition, presence of hazardous materials, previous repairs or renovations, and any ongoing legal disputes or zoning violations. 3. Disclaimer of Warranties: To protect the seller from future legal claims, the statement includes a section that disclaims any warranties about the property's condition, except those explicitly stated in the document. It emphasizes that the buyer should rely on their own inspections and assessments of the property. 4. Buyer's Responsibilities: This section reminds the buyer that they have the responsibility to conduct inspections, inquiries, and due diligence on the property. It emphasizes that the seller's disclosures are not a substitute for such investigations and that the buyer should seek professional assistance if needed. 5. Environmental Disclosures: The document also addresses potential environmental issues that may impact the property, such as lead-based paint, radon gas, asbestos, and other hazardous materials. Sellers are obligated to provide information regarding any known environmental hazards or concerns. Additional types of New Mexico Residential Property Disclosure and Disclaimer Statements may include: 1. Disclosures for Condominiums: If the property being sold is a condominium unit, there may be specific disclosures related to the condominium association, fees, rules and regulations, and any pending litigation or disputes concerning the association. 2. Disclosures for Historic Properties: If the property being sold is classified as a historic property, additional disclosures regarding historical preservation rules, limitations on modifications, or required permits may be included. It is important to note that the exact content and format of the New Mexico Residential Property Disclosure and Disclaimer Statement may vary depending on the specific requirements set by state laws and regulations. Buyers and sellers should consult legal professionals to ensure compliance with the latest guidelines and to tailor the document to their specific transaction.
New Mexico Residential Property Disclosure and Disclaimer Statement is an essential legal document that sellers of residential properties in New Mexico must provide to potential buyers. This statement aims to protect both the seller and the buyer by disclosing important information about the property and clarifying any possible disclaimers or liabilities associated with it. Here is a detailed description of what is typically included in this document: 1. Property Description: The Residential Property Disclosure and Disclaimer Statement starts with a detailed description of the property being sold. This includes the address, the type of property (e.g., single-family home, condominium, etc.), and any other unique features or characteristics. 2. Seller's Disclosures: The document requires sellers to make various disclosures related to the property. These disclosures cover different areas and potential issues, such as structural defects, water and sewage systems, electrical and plumbing systems, roof condition, presence of hazardous materials, previous repairs or renovations, and any ongoing legal disputes or zoning violations. 3. Disclaimer of Warranties: To protect the seller from future legal claims, the statement includes a section that disclaims any warranties about the property's condition, except those explicitly stated in the document. It emphasizes that the buyer should rely on their own inspections and assessments of the property. 4. Buyer's Responsibilities: This section reminds the buyer that they have the responsibility to conduct inspections, inquiries, and due diligence on the property. It emphasizes that the seller's disclosures are not a substitute for such investigations and that the buyer should seek professional assistance if needed. 5. Environmental Disclosures: The document also addresses potential environmental issues that may impact the property, such as lead-based paint, radon gas, asbestos, and other hazardous materials. Sellers are obligated to provide information regarding any known environmental hazards or concerns. Additional types of New Mexico Residential Property Disclosure and Disclaimer Statements may include: 1. Disclosures for Condominiums: If the property being sold is a condominium unit, there may be specific disclosures related to the condominium association, fees, rules and regulations, and any pending litigation or disputes concerning the association. 2. Disclosures for Historic Properties: If the property being sold is classified as a historic property, additional disclosures regarding historical preservation rules, limitations on modifications, or required permits may be included. It is important to note that the exact content and format of the New Mexico Residential Property Disclosure and Disclaimer Statement may vary depending on the specific requirements set by state laws and regulations. Buyers and sellers should consult legal professionals to ensure compliance with the latest guidelines and to tailor the document to their specific transaction.
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.
