WebA property disclosure statement is the actual documentation of a seller’s disclosure. It’s a required form in real estate transactions and outlines any problems with a property that would impact the home’s value or safety. WebThe requirement to give a disclosure statement depends on the extent of nvolvement in the transaction. The broker may or may not give a disclosure statement. The Real Estate Act Rules (Rules) requires a mortgage broker to give a disclosure statement when: • the lender does not enter into credit agreements in the course of carrying on a business.
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WebMar 6, 2024 · In this Real Estate Law Blog post Daniel Mowat-Rose, Devin Itterman, and Maxwell Carroll discusses the new pre-sale disclosure requirements and other changes to Alberta’s Condominium Property Act that came into force on January 1, 2024, and certain other changes coming into force on April 1, 2024. WebIn Alberta, a seller’s disclosure statement is referred to as the Seller’s Property Disclosure Statement (SPDS). It is important to note that the use of the SPDS is not a legal obligation … how to fill my smok vape
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WebMay 25, 2016 · Most residential sales involve the vendor providing a Property Disclosure Statement (PDS). A PDS is meant to identify any problems or concerns with the property, not to give detailed comments in answer to the questions posed. A vendor need only say that they are or are not aware of problems. WebSeller disclosure statement. In the United States, a seller disclosure statement is a form disclosing the seller's knowledge of the condition of the property. The seller disclosure notice or statement is anecdotal and does not serve as a substitute for any inspections or warranties the purchaser may wish to obtain. WebSellers are required to disclose certain defects to potential buyers, but a death occurring in a home is not a defect. When a death occurs in a home, the property may be considered a “stigmatized property.”. A stigmatized property is one that has an unfavourable quality that may make it less attractive to some buyers. how to fill my vape tank