Subchapter 1-B: NONRESIDENTIAL PROPERTY DISCLOSURES. If the Seller is able to state that the property does not allow for standing water to accumulate during or after a heavy rain, then the first checkbox must be selected from Section XIII. Select Item 98 Or Item 99 Or Complete Item 100, (98) Other Areas Not Insulated. Select Item 145 Or Item 146 Or Complete Item 147. When you set out to sell a house, most states require you to make certain \u201cdisclosures.\u201d Disclosures refer to any \u201cmaterial defects\u201d in the home, and in many states you will be held liable if you don't tell the buyer about them upfront. l. Mold Within days m. Lead Paint Within days v. Registered Farmland Within days z. In a case where the status of an air conditioning system does not apply to the property and this discussion, select the last checkbox option for this question. If it is unknown whether standing water accumulates following heavy rain on the property, the third checkbox should be selected. This requires that a mark is placed in the Yes checkbox found in Section XVIII. (87) Unknown Or Does Not Apply To Discussion. Real Estate Company 398 Main Street Presque Isle. Free Maine Property Disclosure Statement - PDF | Word For example, if a water treatment system or fire sprinkler system is leased for the property from a Third Party, then it is recommended that the information needed to identify the Third Party as well as the lease agreement is delivered to this area, (32) Public Sewage Disposal. Maine Lease Agreement (Free) | 2023 Official | PDF & Word After documenting the Sellers identity above, the address of the property will be required in this area. (124) How Many. 2023 airSlate Inc. All rights reserved. If the propertys sewage disposal system is publicly accessed, then define the Type of sewage disposal system used by marking the checkbox attached to the word Public.. By using signNow's comprehensive service, you're able to complete any needed edits to Get And Sign SELLER IS PROPERTY DISCLOSURE Maine REval Estate Form, make your customized digital signature in a few quick steps, and streamline your workflow without the need of leaving your browser. (15) No Issues With Water. Once completed, the statement must be delivered to the buyer before or at the time an offer is placed. (82) No Issues Plumbing System. If there are no such issues, then the No checkbox in Section IX must be chosen. If the property being sold does not have such a treatment system, the No checkbox should be selected to address the topic discussed. Commercial real estate id's chancey if you don't know what you are doing. Select Add New on your Dashboard and upload a file from your device or import it from the cloud, online, or internal mail. If an accurate survey has been performed and completed on the property during the Sellers term of ownership, then select the Yes checkbox. Section IX will discuss any roof leaks present on the property. It is a federal law in the United States that any home built prior to 1978 must disclose the risks posed by lead-based paints. The manner by the property is heated will need to be discussed as this can be of concern in many regions. (23) Fire Sprinkler System Confirmation. If this discussion is irrelevant then mark the N/A checkbox. (137) Not In Flood Zone. 1. Some property sales may not require a survey (i.e. A note about forms: Except for the Real Estate Brokerage Relationships Form (Form 3), the Maine Real Estate Commission does not provide forms for the practice of real estate brokerage. If the property has a sprinkler system but the sprinkler system is nonoperational then mark the checkbox No.. Section XV allows for the Seller to report if he or she is unaware of the presence or status of carbon monoxide alarms on the property by selecting Unknown or to indicate that this has no bearing on the disclosures made on this property by delivering a mark to the N/A checkbox. LEAD poisoning poses a (14) Other. Utilize a check mark to point the choice where demanded. (73) Known Leaks Or Moisture. (74) Unknown Or Not Applicable. I would invest with that rich dad poor dad group..Kawasaki sounds honest. (28) Operational Sprinkler System. Z'T:` TSgri|d&15- ANX IH53BIC ,xcQq 0000003362 00000 n Maine Seller Disclosure Requirements. If there is no such system on the property, then the first checkbox (labeled No) must be selected. If this is possible, then the title of each such attached certificate or report should be listed with any additional comments on the subject in the area labeled Other Comments. Bear in mind, that if there have been any legal issues regarding hazardous or regulated material on the property, this should be explained further in this area as well. (18) Water Treatment System. /11DvXxk079J%QGcJ1\MW*0Z 0 . If any of these are defective or require repair, the No checkbox will need to be selected in answer to the second question in this section. the property is in a building) then the final checkbox should be selected. If the property has not had a history with wood-destroying pests (i.e. Once completed, the statement must be delivered to the buyer before or at the time an offer is placed. This document has been set with the common disclosures that should be and will be expected by Seller, Buyers, and the laws governing the sale. Section XV shall solidify the number of carbon monoxide alarms, if any, are present on the property. (149) Seller Owns Mineral Rights. WRITE N/A (NOT APPLICABL E) OR UNKNOWN IF NEEDED. Any additional comments that the Seller wishes to produce on this topic may be furnished to the final area of Section IX. (109) No Current Or Prior Damage. The line labeled Other Comments should be used to present any additional information that would be useful on this topic. If the Seller has not completed an inspection of the basement, crawlspace, or cellar of the property and cannot reliably produce this record, then Unknown should be selected. The Office of Professional and Occupational Regulation considers this information to be a secure, primary source for license verification. The seller should go around the property looking for any material defects such as leaking, fractures, electrical malfunctions, or any other type of issue that should be made known. Upon review of the above disclosure and every attachment present, the Buyer must sign his or her name as well as identify the current date. (154) Status And History Unknown Or Inapplicable. Select Item 92 Or Item 93 Or Complete Item 94. There may be one or more restrictions placed on the Occupants of this property. Before two (2) parties can enter into a purchase agreement, a statement must be completed by the seller to convey any current issues in a form known as the property disclosure. PDF Maine Real Estate Commission leaking roof, flooding, etc.). If the Seller is able to confirm that the propertys structure and status are free of zoning violations and does not violate state or federal law, the No checkbox in Section XVIII should be marked. Any violations that the property is known to be responsible for correction in order to become compliant with the law must be disclosed. Read Rich Dad / Poor Dad. In such a case, the Unknown checkbox must be selected. Use the formatted space presented to produce the calendar date of the most recent septic system pump performed for the propertys septic tank. (121) No Fireplaces, Wood Stoves, Or Chimneys. SECTION I . Select Item 148 Or Item 149 Or Complete Item 150, (148) Seller Does Not Own Mineral Rights. If neither of the previous options (No or Yes) can be used to answer this question because there is no information available to the Seller, then the third checkbox should be selected, but if the Seller did not indicate that illegal activity has occurred or not occurred on the property because this does not apply to the discussion, then the fourth checkbox must be marked. Buyer Beware States Alabama, Arkansas, Colorado, Florida, Indiana, Massachusetts, Missouri, Montana, New Hampshire, New Jersey, Virginia, West Virginia, and Wyoming. In such a case, the Yes checkbox must be selected from this section. The Other Comments should be used to further explain the presence of such materials and will accept the titles of any attached documentation (i.e. Title 33, 193: Disclosures - legislature.maine.gov Wood-destroying insects and other similar pests on a property will often generate damage and paperwork. In addition, the Maine legislature mandates sellers of residential property to notify purchasers of any hazards in or around the premises to the best of their knowledge. Astoria was named after John David Astor ergo had a fur trading company and built the New York Library. (48) N/A. Data for this page extracted on 9/28/2022 08:27:44. Add the PDF you want to work with using your camera or cloud storage by clicking on the. (156) No Illegal Drug Or Criminal Activity. Connect to a strong connection to the internet and begin completing forms with a court-admissible electronic signature within a couple of minutes.
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