Transmission Disclosure Statement (TDS) (CC 1102) – specific form legally required by the seller of a residential property. 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. 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. The above-linked form contains the following regulatory references: methamphetamine (No. 25400.28) – If a person wants to sell a residential property contaminated with hazardous chemicals used to make methamphetamine, he must first provide the potential buyer with a notice awaiting confirmation 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 – the buyer must be provided with the necessary information to search the environment of sex offenders.
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 1102.6c) – What must be included in a 12-point rental agreement with a 14-point title: if a buyer does not receive any of the data below, he may have 3 days to terminate his contract (or 5 days from the date of shipping) by sending a notice to the seller or seller (CC 1102.3).