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Pursuant to California Health and Safety Code Section 25915, landlords of properties built prior to 1981 are required to disclose the presence of asbestos on the premises.
This section covers hazardous substances (such as asbestos, radon gas, and propane) on your property, as well as any cleanups of hazardous substances. Any property built before 1978 requires an additional lead paint disclosure.
Toxic Substances (Asbestos Disclosure) You are also required to tell the buyers about any material defect that could harm the value of the property that is not readily apparent to the buyer. That means if you know about a harmful substance in your house such as lead paint or asbestos you have to disclose it.
You will need to include information about all appliances in the home, including which are included in the sale as well as whether they are operational. You will also need to disclose any room additions, damage, or neighborhood noise problems.
CORAL SPRINGS, November 21, 2016 Florida law requires the seller of a residential property to disclose to the buyer facts materially affecting the value of the property which are not readily observable and unknown to the buyer.
Sellers have to disclose any occupants (ie boyfriend, grandparent), who should also sign the contract. Sellers must disclose any official letters that have been received. And it is advisable to disclose any planning matters relating to the house or the neighbourhood.
Key Takeaways. Property sellers are usually required to disclose negative information about a property. It is usually wise to always disclose issues with your home, whether you are legally bound to or not. The seller must follow local, state, and federal laws regarding disclosures when selling their home.
CORAL SPRINGS, November 21, 2016 Florida law requires the seller of a residential property to disclose to the buyer facts materially affecting the value of the property which are not readily observable and unknown to the buyer.
A seller must disclose any facts or conditions they know about that materially affect the value of the property. This means that they have to tell a buyer about any issue that would reduce the value of the property or make the property less desirable. Problems with the title to the home or property.
Florida law requires sellers to disclose any issues they know about that materially affect the value of a home or property. This requirement applies even if the buyer does not ask whether the seller knows about defects.