San Diego California Natural Hazard Disclosure Statement

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

Description

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.

Free preview
  • Preview Natural Hazard Disclosure Statement
  • Preview Natural Hazard Disclosure Statement

How to fill out Natural Hazard Disclosure Statement?

Organizing documentation for business or personal requirements is consistently a significant obligation.

When formulating a contract, a public service appeal, or a power of attorney, it's crucial to take into account all federal and state statutes and guidelines of the specific region.

Nonetheless, small counties and even municipalities also have legislative processes that you must take into account.

Join the platform and swiftly obtain verified legal documents for any circumstance with merely a few clicks!

  1. All these factors make it stressful and labor-intensive to prepare a San Diego Natural Hazard Disclosure Statement without professional assistance.
  2. It's simple to bypass spending funds on attorneys for drafting your documents and generate a legally acceptable San Diego Natural Hazard Disclosure Statement independently, utilizing the US Legal Forms online library.
  3. It is the most extensive online collection of state-specific legal templates that are expertly verified, so you can trust their legitimacy when selecting a template for your county.
  4. Previously subscribed users just need to Log In to their accounts to retrieve the needed document.
  5. If you haven't subscribed yet, follow the step-by-step guide below to acquire the San Diego Natural Hazard Disclosure Statement.
  6. Review the page you've accessed and confirm if it contains the document you require.
  7. To do this, utilize the form description and preview if these features are available.

Form popularity

FAQ

About us. JCP-LGS Disclosures.com is the industry leader in producing a report used in real estate transactions. The report discloses if a parcel of land is in an area where naturally occurring hazards exist such as flooding, earthquake faults or liquefaction, or if the property is in a high fire hazard area.

California is the only state that requires an NHD report. But that doesn't mean you won't have to include disclosures when selling a home in other states.

Share: Selling a home in California? You're required to provide your buyers with a Natural Hazard Disclosure report, better known as an NHD. Sellers are required to provide this report so that buyers understand when they are considering a home that might be at risk of wildfires, floods or earthquakes.

Natural Hazard Disclosures can be prepared by a third-party company or the seller with help from their real estate agent. If the NHD is ordered from a third-party company, the seller usually pays for it. The report typically costs between $50 and $150.

In rare cases, you don't have to give the buyer a Natural Hazards Disclosure Statement. However, you are only exempt if you're selling the property to another co-owner. For example, if you and your friend own a house together, they are already the co-owner, you can sell the property without disclosures.

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.

A Natural Hazard Disclosure Report is a statement sellers are required to provide to buyers by the state of California. It lets buyers know whether the home is located in certain natural hazard zones, including: Area with special flood risks. Dam breach inundation zone.

California is the only state that requires an NHD report. But that doesn't mean you won't have to include disclosures when selling a home in other states.

The six issues commonly covered within the Natural Hazard Disclosure are special flood risks, dam inundation, seismic activity, earthquake faults, very high fire and/or wildlife fires. On top of these main issues, the report can also cover minor hazards.

On the disclosure form, you must indicate whether or not each threat applies to your property. The form costs approximately $125, a fee that's usually paid by the seller at the close of escrow.

Interesting Questions

Trusted and secure by over 3 million people of the world’s leading companies

San Diego California Natural Hazard Disclosure Statement