(SB 83)
Real estate disclosure statement revised.
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:
(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
.
1. When did you purchase or build the home? ________________________________
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.
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?
8
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
:
?
________________________________________
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: __________________________________________________________
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: _____________________________________________________
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)
?
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 ____
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
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 | _____ | _____ | _____ |
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 | _____ | _____ | _____ | _____ |
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)
?
_________________________________________________________________________
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)
__________________________________________________________________________
__________________________________________________________________________
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.
BUYER ________________________________ DATE _____________
BUYER ________________________________ DATE _____________
Section
2.
That
§
43-4-45
be repealed.
Section
3.
That
§
36-21A-89.1
be repealed.