CHAPTER 230

(SB 83)

Real estate disclosure statement revised.


         ENTITLED, An Act to  revise the seller's property condition disclosure statement.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:

     Section  1.  That § 43-4-44 be amended to read as follows:

     43-4-44.   The following form shall be used for the property condition disclosure statement:

SELLER'S PROPERTY CONDITION DISCLOSURE STATEMENT

(This disclosure shall be completed by the seller. This is a disclosure required by law. If you do not understand this form, seek legal advice.)

Seller ___________________________________________________________________

Property Address __________________________________________________________

    __________________________________________________________

This Disclosure Statement concerns the real property identified above situated in the City of ____________________ County of ____________________, State of South Dakota.

THIS STATEMENT IS A DISCLOSURE OF THE CONDITION OF THE ABOVE DESCRIBED PROPERTY IN COMPLIANCE WITH §   43-4-38. IT IS NOT A WARRANTY OF ANY KIND BY THE SELLER OR ANY AGENT REPRESENTING ANY PARTY IN THIS TRANSACTION AND IS NOT A SUBSTITUTE FOR ANY INSPECTIONS OR WARRANTIES THE PARTIES MAY WISH TO OBTAIN. Seller hereby authorizes any agent representing any party in this transaction to provide a copy of this statement to any person or entity in connection with any actual or anticipated sale of the property.

IF ANY MATERIAL FACT COMES TO THE ATTENTION OF THE SELLER WHICH WOULD AFFECT ANY STATEMENT MADE BY THE SELLER FOLLOWING THE SIGNING OF THIS STATEMENT AND BEFORE THE TIME OF SETTLEMENT, THE SELLER SHALL NOTIFY THE BUYER AND ANY AGENT REPRESENTING ANY PARTY TO THIS TRANSACTION IN WRITING OF SUCH MATERIAL FACT OR OTHER INFORMATION CHANGES BEFORE CONVEYANCE OF TITLE TO THIS PROPERTY, THE SELLER MUST DISCLOSE SUCH MATERIAL FACT WITH A WRITTEN AMENDMENT TO THIS DISCLOSURE STATEMENT .

I. LOT OR TITLE INFORMATION

1. When did you purchase or build the home? ________________________________

If the answer is yes to any of the following, please explain under additional comments or on an attached separate sheet.

2. Were there any title problems when you purchased the property?

Yes ____ No ____ Unknown ____

If yes, describe: ________________________________

3. Are there any unrecorded or recorded liens or financial instruments against the property, other than a first mortgage?

Yes ____ No ____ Unknown ____

If yes, explain: ___________________________________________________________

4. Are there any unrecorded liens or financial instruments against the property, other than a first mortgage?

Yes ____ No ____ Unknown ____

5. Are there any easements which have been granted in connection with the property (other than normal utility easements for public water and sewer, gas and electric service, telephone service, cable television service, drainage, and sidewalks)?

Yes ____ No ____ Unknown ____

If yes, explain on separate page and attach hereto.

5 6 . Are there any problems related to establishing the lot lines/boundaries?

Yes ____ No ____ Unknown ____

7. Do you have a location survey in your possession or a copy of the recorded plat? If yes, attach a copy.

Yes ____ No ____ Unknown ____

If yes, attach a copy of same.

6 8 . Are you aware of any encroachments or shared features, from or on adjoining property (i.e. fences, driveway, sheds, outbuildings, or other improvements)?

Yes ____ No ____

If yes, explain: ___________________________________________________________

7 9 . Are you aware of any covenants or restrictions affecting the use of the property in accordance with local law? If yes, attach a copy of the covenants and restrictions.

Yes ____ No ____

If yes, attach a copy of the covenants and restrictions, if available.

8 10 . Are you aware of any current or pending litigation, foreclosure, zoning, building code or restrictive covenant violation notices, mechanic's liens, judgments, special assessments, zoning changes , or changes that could affect your property?

Yes ____ No ____ Unknown ____

If yes, explain: ____________________________________________________________

_________________________________________________________________________

9 11 . Is the property currently occupied by the owner?

Yes ____ No ____

12. Does the property currently receive the owner occupied tax reduction pursuant to SDCL 32-3- 1?

Yes ____ No ____

13. Is the property currently part of a property tax freeze for any reason?

Yes ____ No ____ Unknown ____

14. If no, is Is the property leased?

Yes ____ No ____

If yes, please attach a copy of any written lease or a statement as to the terms and conditions of the lease.

10 15 . If leased, does the property use comply with local zoning laws , if any ?

Yes ____ No ____ Unknown ____

11. Is there ground rent? Yes ____ No ____ Unknown ____

If so, what is the ground rent payment (i.e. annually, semi-annually, monthly)? $____________ per ____________

16. Does this property or any portion of this property receive rent? If yes, how much $____ and how often ____?

Yes ____ No ____

12 17 . Do you pay any mandatory fees or special assessments to a homeowners' or condominium association?

Yes ____ No ____

If so yes , what are the fees or assessments? $ ____ per ____ (i.e. annually, semi-annually, monthly)

Payable to whom: ________________________________________

For what purpose : ? ________________________________________

13. Does 18. Are you aware if the property has ever have had standing water in either the front, rear , or side yard more than forty-eight hours after heavy rain?

Yes ____ No ____ Unknown ____

If yes, describe: __________________________________________________________

19. Is the property located in or near a flood plain?

Yes ____ No ____ Unknown ____

14 20 . Are wetlands located upon any part of the property?

Yes ____ No ____ Unknown ____

If yes, describe: __________________________________________________________

15. Are any features of the property (i.e. walls, fences, roads or driveways) shared in common with adjoining landowners whose use or responsibility for maintenance may have an effect on the property?

Yes ____ No ____ Unknown ____

If yes, describe: __________________________________________________________

II. STRUCTURAL INFORMATION

If the answer is yes to any of the following, please explain under additional comments or on an attached separate sheet.

1. Have you experienced Are you aware of any water penetration problems in the walls, windows, doors, basement , or crawl space?

Yes ____ No ____ Unknown ____

2. What water damage related repairs, if any, have been made?

If so any , when? _______________________________________________________________

Is 3. Are you aware if drain tile is installed on the property?

Yes ____ No ____ Unknown ____

2 4 . Are there you aware of any interior cracked walls or floors, or cracks or defects in exterior driveways, sidewalks, patios, or other hard surface areas?

Yes ____ No ____ Unknown ____

If yes, explain: What related repairs, if any, have been made? ____________________________________________________________

3 5 . Have you ever experienced Are you aware of any roof leakage , past or present ?

Yes ____ No ____ Unknown ____

Type of roof covering: _____________________________________________________


Age: ________________________

What roof repairs, if any, have been made , when and by whom ? __________________________________

If so, when? _______________________________________________________________

Describe any existing unrepaired damage to the roof: _______________________

4. Have you received notice that fire retardant treated plywood may have been used during roof construction of the property?

Yes ____ No ____

If yes, has an inspection of the roof been performed?

Yes ____ No ____ Unknown ____

If yes, explain results: ____________________________________________________

5 6 . Is there Are you aware of insulation in:

the ceiling/attic? Yes ____ No ____ Unknown ____

the walls? Yes ____ No ____ Unknown ____

the floors? Yes ____ No ____ Unknown ____

6 7 . Are you aware of any termite or wood boring pest infestation or damage, either past or present?

Yes ____ No ____ Unknown ____

If yes, explain: ___________________________________________________________

Has 8. Are you aware of the property having been treated for any termite or wood boring pest infestation or damage?

Yes ____ No ____ Unknown ____

If yes, who treated it and when? ___________________________________________

7 9 . Have Are you performed aware of any work upon the property within the last five years which required a building, plumbing, electrical , or any other permit?

Yes ____ No ____

If yes, describe the work: ________________________________________________

Was a permit obtained? Yes ____ No ____

Was the work approved by an inspector? Yes ____ No ____

Explain: ____________________________________________

8. Has 10. Are you aware of any past or present damage to the property , structures, or improvements thereon ever been damaged? (i.e. fire, smoke, wind, floods, hail, or snow) ?


Yes ____ No ____ Unknown ____

If yes, describe _________________________________________________________

Have any insurance claims been made?

Yes ____ No ____ Unknown ____

Was an insurance payment received?

Yes ____ No ____ Unknown ____

If yes, has Has the damage been repaired?

Yes ____ No ____

If yes, describe in detail: ______________________________________________________

__________________________________________________________________________

9 11 . Are you aware of any problems with sewer blockage or backup, past or present?

Yes ____ No ____ Unknown ____

III. SYSTEMS/UTILITIES INFORMATION

NONE/NOT NOT

INCLUDED WORKING WORKING UNKNOWN

A. ELECTRICAL SYSTEM

Burglar Alarm and/or Security

System

Ceiling Fan

Garage Wiring

Garage Door/Opener Control(s)

Doorbell

Intercom

Light Fixtures

Sauna

Smoke and/or Fire Alarm

Switches & Outlets

Vent Fan

220 Volt Service

B. HEATING AND COOLING SYSTEM

Air Exchanger

Attic Fan

Air Purifier

Central Air -- Electric

Central Air -- Water Cooled

Fireplace

Fireplace Insert

Furnace/Heat -- Electric or Gas

Humidifier

Propane Tank -- Leased or Owned

Solar House -- Heating

Woodburning Stove

C. WATER/SEWER SYSTEMS

Cistern

Hot Tub, Whirlpool, and Controls

Plumbing and Fixtures

Pool & Equipment

Septic/Leaching Field

Sump Pump

Underground Sprinkler & Heads

Water Heater -- Electric or Gas

Water Purifier

Water Softener -- Leased or Owned

Well & Pump

Sewer Systems/Drains


  NONE/NOT     NOT  
  INCLUDED   WORKING   WORKING  
1. 220 Volt Service   _____   _____   _____  
2. Air Exchanger   _____   _____   _____  
3. Air Purifier   _____   _____   _____  
4. Attic Fan   _____   _____   _____  
5. Burglar Alarm and Security System   _____   _____   _____  
6. Ceiling Fan   _____   _____   _____  
7. Central Air - Electric   _____   _____   _____  
8. Central Air - Water Cooled   _____   _____   _____  
9. Cistern   _____   _____   _____  
10. Dishwasher   _____   _____   _____  
11. Disposal   _____   _____   _____  
12. Doorbell   _____   _____   _____  
13. Fireplace   _____   _____   _____  
14. Fireplace Insert   _____   _____   _____  
15. Garage Door/Opener Control(s)   _____   _____   _____  
16. Garage Wiring   _____   _____   _____  
17. Heating System   _____   _____   _____  
18. Hot Tub, Whirlpool, and Controls   _____   _____   _____  
19. Humidifier   _____   _____   _____  
20. Intercom   _____   _____   _____  
21. Light Fixtures   _____   _____   _____  
22. Microwave/Hood   _____   _____   _____  
23. Plumbing and Fixtures   _____   _____   _____  
24. Pool and Equipment   _____   _____   _____  
25. Propane Tank   _____   _____   _____  
26. Radon System   _____   _____   _____  
27. Sauna   _____   _____   _____  
28. Septic/Leaching Field   _____   _____   _____  
29. Sewer Systems/Drains   _____   _____   _____  
30. Smoke/Fire Alarm   _____   _____   _____  
31. Solar House - Heating   _____   _____   _____  
32. Sump Pump(s)   _____   _____   _____  
33. Switches and Outlets   _____   _____   _____  
34. Underground Sprinkler and Heads   _____   _____   _____  
35. Vent Fan   _____   _____   _____  
36. Water Heater - Electric or Gas   _____   _____   _____  
37. Water Purifier   _____   _____   _____  
38. Water Softener - Leased or Owned   _____   _____   _____  
39. Well and Pump   _____   _____   _____  
40. Wood Burning Stove   _____   _____   _____  

D IV . HAZARDOUS CONDITIONS

Are there any existing hazardous conditions of the property such as methane gas, lead paint, radon gas in the house or well, radioactive material, a landfill mineshaft, expansive soil, toxic materials, ureaformaldehyde foam insulation, asbestos insulation, or buried fuel or chemical storage tanks?

Yes ____ No ____ Unknown ____

Have any tests been performed? Yes ____ No ____ Unknown ____

Explain: ____________________________________________________________

Are you aware of any existing hazardous conditions of the property and are you aware of any tests having been performed?

EXISTING CONDITIONS     TESTS PERFORMED  
  YES   NO   YES   NO  
1. Methane Gas   _____
 
_____   _____   _____  
2. Lead Paint   _____   _____   _____   _____  
3. Radon Gas (House)   _____   _____   _____   _____  
4. Radon Gas (Well)   _____   _____   _____   _____  
5. Radioactive Materials   _____   _____   _____   _____  
6. Landfill, Mineshaft   _____   _____   _____   _____  
7. Expansive Soil   _____   _____   _____   _____  
8. Mold   _____   _____   _____   _____  
9. Toxic Materials   _____   _____   _____   _____  
10. Urea Formaldehyde Foam Insulations   _____   _____   _____   _____  
11. Asbestos Insulation   _____   _____   _____   _____  
12. Buried Fuel Tanks   _____   _____   _____   _____  
13. Chemical Storage Tanks   _____   _____   _____   _____  
14. Fire Retardant Treated Plywood   _____   _____   _____   _____  
15. Production of Methamphetamines   _____   _____   _____   _____  


If the answer is yes to any of the questions above, please explain in additional comments or on an attached separate sheet.

IV V . MISCELLANEOUS INFORMATION

1. Is the street or road located at the end of the driveway to the property public or private?

Public ____ Private ____ Unknown ____

2. If private, is Is there a written road maintenance agreement?

If yes, attach a copy of the maintenance agreement.

Yes ____ No ____ Unknown ____

If yes, attach a copy of the maintenance agreement, if available.

2. Is this property located in or near a flood plain?

Yes ____ No ____ Unknown ____

3. When was the fireplace/wood stove/chimney flue last cleaned?

Date: __________________

4. In Within the previous twelve months prior to the date of signing this document, did are you aware of any of the following occur occurring on the subject property : ?

    YES    NO    UNKNOWN

a. A human death by homicide    ____    ____     ____

b. Other felony committed against the

property or a person on the property    ____    ____     ____

If yes to any of the above explain:

_________________________________________________________________________

a. A human death by homicide or suicide? If yes, explain:

__________________________________________________________________________

Yes ____ No ____

b. Other felony committed against the property or a person on the property? If yes, explain:

_________________________________________________________________________

Yes ____ No ____

5. Are the improvements connected to a Is the water source public or private water system (select one) ?


6. If private, what is the date and result of the last water test?

_________________________________________________________________________

7. Are the improvements connected to a public or private Is the sewer system public ____ or private ____ (select one) ?

_________________________________________________________________________

8. If private, what is the date of the last time the septic tank was pumped? ______________

8 9 . Are there broken window panes or seals?

Yes ____ No ____ Unknown ____

If so yes , specify: ____________________________________________________________

9 10 . Are there any items attached to the property that will not be left, such as: towel bars, mirrors, swag lamps and hooks, curtain rods, window coverings, light fixtures, clothes lines, swing sets, storage sheds, ceiling fans, basketball hoops, mail boxes, etc.

Yes ____ No ____

If yes, please list __________________________________________________________

10 11 . Are there you aware of any other material facts or problems that have not been disclosed above on this form ?

Yes ____ No ____

If yes, explain: ____________________________________________________________

VI. ADDITIONAL COMMENTS (ATTACH ADDITIONAL PAGES IF NECESSARY)

__________________________________________________________________________

__________________________________________________________________________

CLOSING SECTION

The Seller hereby certifies that the information contained herein is true and correct to the best of the Seller's information, knowledge , and belief as of the date of the Seller's signature below. If any of these conditions change before conveyance of title to this property, the change will be disclosed in a written amendment to this disclosure statement.

SELLER ________________________________    DATE    _____________

SELLER ________________________________    DATE    _____________

THE SELLER AND THE BUYER MAY WISH TO OBTAIN PROFESSIONAL ADVICE AND INSPECTIONS OF THE PROPERTY TO OBTAIN A TRUE REPORT AS TO THE CONDITION OF THE PROPERTY AND TO PROVIDE FOR APPROPRIATE PROVISIONS IN ANY CONTRACT OF SALE AS NEGOTIATED BETWEEN THE SELLER AND THE BUYER WITH RESPECT TO SUCH PROFESSIONAL ADVICE AND INSPECTIONS.

I/We acknowledge receipt of a copy of this statement on the date appearing beside my/our signature(s) below. Any agent representing any party to this transaction makes no representations and is not responsible for any conditions existing in the property.

BUYER ________________________________    DATE    _____________

BUYER ________________________________    DATE    _____________

     Section  2.  That § 43-4-45 be repealed.

     Section  3.  That § 36-21A-89.1 be repealed.

     Signed March 2, 2005
_______________