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California Residential Purchase Agreement Form

Disclosure statement forwarded. California`s official form for disclosing known problems that could have a negative impact on the value of a home or pose an unacceptable risk to the safety or health of buyers. (CAL. CIV 1102.4) The California sales contract is the official legal form that is applied when a person wishes to sell his property to another party. The seller (or his representative) makes available to the buyer a copy of the document containing all the essential provisions, disclosures and general information necessary to safeguard a binding contract. As a general rule, a serious money deposit will be made on behalf of the buyer as a sign of good faith before the actual conclusion. All exchange-related financing should be set out in the form to avoid any dispute over payment. Water Heater Compliance Statement (B) – Property sellers must certify in writing that the water heater in the property is properly secured to prevent displacement in the event of an earthquake. (The title form also contains the fire compliance statement.) Real Estate Tax Advertising (C No. 1102.6c) – what must be included in a 12-point writing rental agreement with a 14-point title: Transfer Disclosure Statement (TDS) (CC 1102) – Specific form prescribed by law to be completed by the seller of a residential property. Methamphetamine (No. 25400.28) – If a person wants to sell a property that has been contaminated with hazardous chemicals used to make methamphetamine, they must first send a pending notice to the potential buyer, while waiting for it to be confirmed that the property is considered safe. (The buyer must show a written willingness to receive notification) Local Option (No.

1102.6a) – Some California cities and counties require that a secondary disclosure form be completed for data specific to the municipality where the property is located. The general form is available in Adobe PDF or Microsoft Word (.docx). Megan`s Law (p. 2079.10a (3) ( 3) – All contracts for the sale of residential real estate in the State of California must include the “Megan`s Law” clause on sex offenders. Natural Hazard Disclosure Statement (NHDS) – The seller or his representative is responsible for providing the buyer with a disclosure form informing him of the potential natural risks associated with the contract.