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Arizona Residential Sellers Property Disclosure Statement

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Arizona Residential Sellers Property Disclosure Statement Page 2
Arizona Residential Sellers Property Disclosure Statement
OWNERSHIP AND PROPERTY
As used herein, “Property” shall mean the real property and all fixtures and improvements thereon and appurtenances incidental thereto,
plus fixtures and personal property described in the Contract.
PROPERTY ADDRESS:
(STREET ADDRESS) (CITY) (STATE) (ZIP)
Does the property include any leased land nn Yes nn No
Is the Property located in an unincorporated area of the county
nn Yes nn No If yes, and five or fewer parcels of land other than subdivided
land are being transferred, the Seller must furnish the Buyer with a written Affidavit of Disclosure in the form required by law.
LEGAL OWNER(S) OF PROPERTY:
Date Purchased:
Is the legal owner(s) of the Property a foreign person or a non-resident alien pursuant to the Foreign Investment in Real Property
Tax Act (FIRPTA)
nn Yes nn No If yes, consult a tax advisor; mandatory withholding may apply.
Is the property located in a community defined by the fair housing laws as housing for older persons
nn Yes nn No
Explain:
Approximate year built: . If Property was built prior to 1978, Seller must furnish the Buyer with a lead-based paint disclosure form.
NOTICE TO BUYER: IF THE PROPERTY IS IN A SUBDIVISION, A SUBDIVISION PUBLIC REPORT, WHICH CONTAINS A VARIETY OF INFOR-
MATION ABOUT THE SUBDIVISION AT THE TIME THE SUBDIVISION WAS APPROVED, MAY BE AVAILABLE BY CONTACTING THE
ARIZONA DEPARTMENT OF REAL ESTATE OR THE HOMEBUILDER. THE PUBLIC REPORT INFORMATION MAY BE OUTDATED.
The Property is currently:
nn Owner-occupied nn Leased nn Estate nn Foreclosure nn Vacant If vacant, how long
If a rental property, how long Expiration date of current lease: (Attach a copy of the lease if available.)
If any refundable deposits or prepaid rents are being held, by whom and how much Explain:
YES NO
nn nn Have you entered into any agreement to transfer your interest in the Property in any way, including rental renewals
or options to purchase Explain:
nn nn Are you aware if there are any association(s) governing this Property
If yes, provide contact(s) information: Name:
Phone #:
If yes, are there any fees How much $ How often
nn nn Are you aware of any transfer fees or other fees due upon transfer of the Property Explain:
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Document updated:
August 2012
RESIDENTIAL SELLER’S PROPERTY
DISCLOSURE STATEMENT (SPDS)
(To be completed by Seller)
Page 1 of 6
MESSAGE TO THE SELLER:
Sellers are obligated by law to disclose all known material (important) facts about the Property to the Buyer. The SPDS is designed to assist
you in making these disclosures. If you know something important about the Property that is not addressed on the SPDS, add that
information to the form. Prospective Buyers may rely on the information you provide.
INSTRUCTIONS: (1) Complete this form yourself. (2) Answer all questions truthfully and as fully as possible. (3) Attach all available supporting
documentation. (4) Use explanation lines as necessary. (5) If you do not have the personal knowledge to answer a question, use the explanation
lines to explain.
By signing below you acknowledge that the failure to disclose known material information about the Property may result in liability.
MESSAGE TO THE BUYER:
Although Sellers are obligated to disclose all known material (important) facts about the Property, there are likely facts about the Property
that the Sellers do not know. Therefore, it is important that you take an active role in obtaining information about the Property.
INSTRUCTIONS: (1) Review this form and any attachments carefully. (2) Verify all important information. (3) Ask about any incomplete or
inadequate responses. (4) Inquire about any concerns not addressed on the SPDS. (5) Review all other applicable documents, such as
CC&R’s, association bylaws, surveys, rules, and the title report or commitment. (6) Obtain professional inspections of the Property.
(7) Investigate the surrounding area.
THE FOLLOWING ARE REPRESENTATIONS OF THE SELLER(S) AND ARE NOT VERIFIED BY THE BROKER(S) OR AGENT(S).
Residential Seller’s Property Disclosure Statement (SPDS)
Updated: August 2012 • Copyright © 2012 Arizona Association of REALTORS
®
.
All rights reserved.
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Arizona Residential Sellers Property Disclosure Statement