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Get the free nj seller's disclosure form 2012-2022
Does the property have one or more sump pumps 8a. Are there any problems with the operation of any sump pump or any other areas within any of the structures on the property 9a.Are you aware of the presence of any mold or similar natural substance within the basement or crawl spaces or any other areas within any of the structures on the property ment or crawl space If yes describe the location nature and date of the repairs NJAR Form-140-7/12 LF705 location. Page 1 of 8 the attic or roof was...
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of the Disclosure Statement. 4. 5. A. B. C. 6. 7. Seller will be required to maintain a reasonable inventory of the Property. 8. 9. 10. The Seller acknowledges they have done their share in keeping the Property in top working order. In fact, they have done so far much more than their share, and may do much better still with another month-long or even contractual extension of the current lease. 11. The Seller acknowledges the fact that the Property is not in need of major maintenance. It is reasonably secure in all cases where the Seller has adequate time to keep up with such routine and/or routine maintenance as the Owner 12. 13. 14. The seller will be required to disclose their ability to maintain the Property. The Seller acknowledges that the Property may require some major maintenance, and that they will be prepared to undertake such 15. The Seller acknowledges that it may be impossible to repair or address all defects. The Seller has done everything 16. they can do. 17. 18. 19. Seller has had a reasonable chance to inspect and test every component of the Property after it was purchased. 20. The Seller acknowledges that they do have reasonable knowledge of the mechanical and electrical systems, so that 21. 22. Seller acknowledges they did test such systems, and have a reasonable knowledge of their workings. 23. 24. Seller acknowledges they have taken such steps to identify/assess the likelihood of damage that the damage from a fire could not be 25. The Seller acknowledges that they will work within the framework of any applicable law, or other requirements of the law, 26. 27. 28. The Seller acknowledges that they are being forced to rely on the Owner's negligence of the defects, but is also aware of the fact that 29. Even when a reasonable amount of testing has been done, the Seller knows there might be something more, which 30. might not be seen at first, because of limitations, and/or improper testing methods. So, the Seller should always 31. 32. 34. The Applicant acknowledges that despite their good intentions, and efforts to fix matters of the Seller's past (e.g. 35. Seller's own negligence), they have not been able to completely eliminate all defects
Video instructions and help with filling out and completing nj seller's disclosure form
Instructions and Help about sellers disclosure statement form
Hi I'm Barry Hensley a custom home builder here to talk with you about the sellers' disclosure you've listed your home for sale and your Realtor has asked you to fill out this form this multi-page form called a seller's disclosure it can be confusing and your Realtor is not allowed to help you with it, so we've done this video to help answer the questions of some of the most confusing items on the sellers' disclosure keep in mind rule number one if its unknown don't answer it as if you know it put down unknown there could be complications to putting false information on the sellers' disclosure this is a legal document it's part of your contract and if you don't know the answer don't guess if something is unknown to you check the box that says unknown I want to call your attention to the general information section item ten confuses many sellers this has to do with professionals or any individual who has come to your home to perform an inspection of any kind it could be a roofer an electrician it can be a foundation repair company or an engineer anyone who has provided you with an inspection report for your home must be disclosed, and you must provide a copy of that report keep in mind that for item 10 this includes any inspection reports that may have been provided to you from a previous buyer who had inspections done by any professional if those inspections were provided to you by the previous buyer even if they terminated their contract you must note this on the sellers disclosure and provide copies of those with the sellers' disclosure let's move on to information about equipment and systems I won't touch on every item I'm going to highlight the ones that people have the most confusion about you feel notice in the first paragraph it talks a little about items that may not be conveyed in the sale of your home if an item is not going to be conveyed in the sale of the home you can mark the Na box but keep in mind that this form does not declare what is not conveyed in the sale of your home these items must be listed in your contract some sellers are confused about the term convey this is a term that refers to your property and any equipment attached to your property that is transferred to the buyer in title when you sell your property so if an item remains with your home, and it goes to the buyer when the sale is completed that is what's known as conveying a piece of equipment for instance a refrigerator a microwave a stove or washer dryer some other piece of equipment if it stays with the property and becomes the property of the buyer that item is conveyed to the buyer the first item that confuses a lot of sellers is an attic fan many people have never experienced an attic fan and don't know what one is this is not a ceiling fan or an exhaust fan this is a device that is typically located in the hallway of the home it's mounted in the ceiling, and it has louvers there's a switch on the wall that turns it on the louvers open, and it draws air...