Mandatory Disclosure Form 35.1 - Reference to 16.2 (e)(2): This is an official form from the Colorado State Judicial Branch, which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by Colorado statutes and law.
Centennial Colorado Mandatory Disclosure Form 35.1 is a legal document that requires certain information to be disclosed by sellers in real estate transactions. The form specifically refers to section 16.2 (e)(2) of the Colorado Revised Statutes and is crucial for ensuring transparency and facilitating informed decisions during property transactions. This mandatory disclosure form serves to protect both buyers and sellers by mandating the disclosure of important details about the property's condition and history. It helps potential buyers make informed decisions and mitigates potential conflicts that may arise due to undisclosed issues. The Centennial Mandatory Disclosure Form 35.1 typically covers various aspects related to the property, which may include: 1. Structural and Environmental conditions: This section requires the seller to disclose any known defects, damages, or issues affecting the structure or foundation of the property. It may also include information about the presence of hazardous materials or substances (such as lead paint or asbestos) known to exist in the premises. 2. Water-related issues: Sellers must disclose any known water-related problems, such as leaks, flooding, or issues with the water supply system. This could include details about basement water seepage, plumbing problems, or water quality concerns. 3. Electrical and mechanical systems: This section focuses on the condition of electrical and mechanical systems within the property. Sellers are expected to disclose any known issues with the wiring, heating, cooling, or ventilation systems. 4. Other potential hazards: This category may include information about the presence of pests, infestations, or other hazardous conditions that may affect the property. It could encompass mold, radon gas, or even underground storage tanks. 5. Legal matters: In this section, sellers are required to disclose any ongoing legal disputes, property liens, or easements that might impact the property's ownership or use. It is important to note that while the content and structure of Centennial Colorado Mandatory Disclosure Form 35.1 are relatively consistent, there may be slight variations based on specific jurisdictions and individual real estate agents or agencies.
