Natural Hazard Disclosure Statement

State:
Multi-State
Control #:
US-03310BG
Format:
Word; 
Rich Text
Instant download

Description Hazard Disclosure

A natural hazard disclosure is a document given by the seller of a real estate property to the buyer, outlining whether the property is in an area known to be prone to natural disaster, such as flooding, earthquakes, hurricanes, or tornadoes. It is designed to protect buyers from unknowingly purchasing property that might incur damages from natural disasters simply because of the property's location in a naturally hazardous area. The disclosure document is usually prepared by a third party to the transaction to prevent disclosure fraud.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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Natural Hazards Disclosure Other Form Names

Hazard Disclosure Document   Natural Hazard Statement   Natural Hazard Disclosure Report   Hazard Disclosure Pdf   Property Know Any   Natural Disclosure Statement   Nhd Disclosure Source  

Hazard Disclosure Form FAQ

Natural hazards are naturally occurring physical phenomena caused either by rapid or slow onset events which can be geophysical (earthquakes, landslides, tsunamis and volcanic activity), hydrological (avalanches and floods), climatological (extreme temperatures, drought and wildfires), meteorological (cyclones and

The natural hazard disclosure report (NHD) is a California-specific report that home sellers must obtain for their buyers in order to sell a home in a natural hazard zone. This is required by state law in California for sellers to be in compliance with the 1998 Natural Hazard Disclosure Act.

The Natural Hazard Disclosure Statement (NHD) handed to a prospective buyer does not disclose: environmental hazards and physical deficiencies in the soil or property improvements.

Under California law, sellers in a real estate transaction must provide an NHD report to buyers before they sell a property. The NHD report shows whether a property lies within any of 6 common hazard zones present in the state.

What is a Natural Hazard Disclosure Report?To complete the form agents or sellers purchase a natural hazard disclosure report. It determines if a property is within a designated hazard area. These areas may include hazards such as an earthquake fault, a seismic hazard zone, seasonal flooding, or wildfires.

The seller is the one that usually pays for that as part of their disclosure packet. It costs $99 and it takes about 48 hours to get it. Asking your agent to assist with the NHD report is the smart move because some sellers are exempt from needing an NHD.

The seller and their agent are allowed to seek out a 'third party' (disclosure company, licensed engineer, land surveyor, geologist, or expert in natural hazard discovery) to prepare this report for them.

Natural Hazard Disclosure (NHD) Statement Sellers and agents of any real property must disclose to a prospective buyer if the property for sale is in certain types of natural hazard zones. For sales of certain properties, this disclosure must be made on a statutory form known as the Natural Hazard Disclosure Statement.

Hazard Is Not Included In The Natural Hazard Disclosure Statement Trusted and secure by over 3 million people of the world’s leading companies

Natural Hazard Disclosure Statement