A Manufactured Home Transfer Disclosure Statement is a document that provides information about the condition of a manufactured home when it is sold or transferred. The statement is used to inform the buyer of the known condition of the home and to provide a written record of the condition of the home at the time of transfer. There are two types of Manufactured Home Transfer Disclosure Statement: the Federally Mandated Statement, which must be used for all mobile/manufactured home transfers, and the State-Mandated Statement, which may be used in lieu of the Federally Mandated Statement in some states. Both statements include basic information such as age of the home, presence of any significant defects, and any known warranties or guarantees. The Federally Mandated Statement also includes information about potential damage due to natural disasters, such as flooding and earthquakes, and any known liens or encumbrances. The State-Mandated Statement may include additional information such as a list of fixtures and appliances. The Manufacturer Home Transfer Disclosure Statement is an important document for both parties involved in the transfer of a manufactured home and should be filled out completely and accurately.
Manufactured Home Transfer Disclosure Statement
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How to fill out Manufactured Home Transfer Disclosure Statement?
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FAQ
A seller is required to provide the TDS even when selling property without an agent, such as in a ?for sale by owner? transaction. The TDS also must be provided for sales of a new residential property that is not part of a subdivision, such as a new home or a new four-unit building being built on a lot.
Material Fact: Any fact that could affect a reasonable person's decision to buy, sell, or lease is considered a material fact and must be disclosed by a broker to the parties in the transaction and any interested third parties regardless of the broker's agency role within the transaction. N.C.G.S.
The Residential Property Disclosure Act (G.S. 47E) (?Disclosure Act?) requires owners of residential real estate (single-family homes, individual condominiums, townhouses, and the like, and buildings with up to four dwelling units) in North Carolina to furnish buyers a Residential Property and Owners' Association
A transfer disclosure statement (TDS) is required by California law in Section 1102 of the California Civil Code. This document is one of the seller disclosures that buyers receive during their contract contingency period. Its purpose is to let a buyer know of major defects in a property as required by California law.
The seller is required to complete a Transfer Disclosure Statement (TDS).
The Residential Property Disclosure Act, codified as North Carolina G.S. 47E, requires the seller of residential real estate (one to four dwelling units) to complete a form?known formally as the Residential Property and Owners' Association Disclosure Statement?disclosing conditions and defects with the property.
When it comes to disclosing that a person died in the home, both Wilcox and Hoffman said sellers aren't legally obligated to tell you. That applies to listings in both North Carolina and South Carolina. "If the buyer doesn't ask, it's not something that needs to be disclosed per se," Hoffman said.
A North Carolina property disclosure statement is a document that provides a complete report of a residential property's current condition and is required by law to be provided by a property owner to anyone wishing to purchase the property.