The sale of all one-to-four residential unit properties requires a document called the "Transfer Disclosure Statement" (TDS). This document is prepared by the seller and outlines any issues with the property that they are aware of. It is often referred to as a "condition of property disclosure".
These are questions that the above text answers:
1. What is the document required for the sale of one-to-four residential unit properties?
2. Who prepares the Transfer Disclosure Statement?
3. What does the Transfer Disclosure Statement outline?
4. What is another term for the Transfer Disclosure Statement?
5. What type of properties require the Transfer Disclosure Statement?
6. What is the purpose of the Transfer Disclosure Statement?
7. What does the seller disclose in the Transfer Disclosure Statement?
8. How is the Transfer Disclosure Statement related to property conditions?
9. What is the significance of the Transfer Disclosure Statement for home buyers?
10. Where can one find more information about the Transfer Disclosure Statement?