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NHAR Property Disclosure - Residential Only 2014-2025 free printable template
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PROPERTY DISCLOSURE - RESIDENTIAL ONLY New Hampshire Association of REALTORS Standard Form TO BE COMPLETED BY SELLER The following answers and explanations are true and complete to the best of SELLER S knowledge. This statement has been prepared to assist prospective BUYERS in evaluating SELLER S property. This disclosure is not a warranty of any kind by the SELLER or any real estate FIRM representing the SELLER and is not a substitute for any inspection by the BUYER* SELLERS authorize FIRM in...this transaction to disclose the information in this statement to other real estate agents and to prospective buyers of this property. NOTICE TO SELLER S COMPLETE ALL INFORMATION AND STATE NOT APPLICABLE OR UNKNOWN AS APPROPRIATE* IF ANY OF THE INFORMATION IN THIS PROPERTY DISCLOSURE FORM CHANGES FROM THE DATE OF COMPLETION YOU ARE TO NOTIFY THE LISTING FIRM PROMPTLY IN WRITING* SELLER PROPERTY LOCATION CONDOMINIUM CO-OP PUD DISCLOSURE RIDER OR MULTIFAMILY DISCLOSURE RIDER ATTACHED Yes No has ...has not occupied the property for years. WATER SUPPLY Please answer all questions regardless of type of water supply. a* TYPE OF SYSTEM Public Private Seasonal Unknown Drilled Dug Other b. INSTALLATION Location Installed By Date of Installation What is the source of your information c* USE Number of Persons currently using the system Does system supply water for more than one household Yes No d. MALFUNCTIONS Are you aware of or have you experienced any malfunctions with the...public/private/other water systems Pump Yes N/A Quantity Quality If Yes to any question please explain in Comments below or with attachment. e. WATER TEST Have you had the water tested Yes No Date of most recent test IF YES to any question please explain in Comments below or with attachment. Are you aware of any test results reported as unsatisfactory or satisfactory with notations Yes No IF YES are test results available Yes No What steps were taken to remedy the problem COMMENTS SEWAGE...DISPOSAL SYSTEM Public Yes No Community/Shared Yes No Private Yes No Unknown Septic Design Available Yes No b. IF PUBLIC OR COMMUNITY/SHARED Have you experienced any problems such as line or other malfunctions Yes No What steps were taken to remedy the problem c* IF PRIVATE TANK Septic Tank Holding Tank Cesspool Tank Size Gal* Tank Type Concrete Metal Unknown Other Location Location Unknown Date of Installation Date of Last Servicing Name of Company Servicing Tank Comments d. LEACH...FIELD Yes IF YES Location Size Unknown Date of installation of leach field Installed By SELLER S INITIALS / BUYER S INITIALS / 2014 NEW HAMPSHIRE ASSOCIATION OF REALTORS INC. ALL RIGHTS RESERVED. FOR USE BY NHAR REALTOR MEMBERS ONLY. ALL OTHER USE PROHIBITED 07. 2014 Page 1 of 4 Absolute Realty 104 Grove Street Claremont NH 03743 Phone 603 763-6006 George Sanders Produced with zipForm by zipLogix 18070 Fifteen Mile Road Fraser Michigan 48026 www. zipLogix. com Fax 603 843-2022...2014SellerFormsUpda e. IS SYSTEM LOCATED ON DEVELOPED WATERFRONT as described in RSA 485-A Yes No Unknown IF YES has a site assessment been done Yes No Unknown Source of Information FOR ADDITIONAL INFORMATION THE BUYER IS ENCOURAGED TO CONTACT THE NH DEPARTMENT OF ENVIRONMENTAL SERVICES SUBSURFACE SYSTEMS BUREAU INSULATION LOCATION Attic or Cap Crawl Space Exterior Walls Floors If YES Type Amount HAZARDOUS MATERIAL a* UNDERGROUND STORAGE TANKS - Current or previously existing IF YES Are...tanks currently in use IF NO How long have tank s been out of service What materials are or were stored in the tank s Age of tank s Size of tank s If tanks are no longer in use have tanks been removed b.
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Comprehensive Overview of the NHAR Property Disclosure Form
Understanding the NHAR Property Disclosure Form
The NHAR Property Disclosure Form is a key document in real estate transactions in New Hampshire. This form is designed for sellers to disclose known defects, issues, or concerns about their property to potential buyers. It aids buyers in making informed decisions about their purchase. While the form helps facilitate transparency in real estate transactions, it is important to note that it is not a warranty from the seller regarding the property's condition.
Key Features of the NHAR Property Disclosure Form
This form includes several important sections that require detailed responses from the seller. Key features of the form include:
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Details on the water supply system, including type, installation and maintenance history.
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Information about whether the seller has lived in the property and for how long.
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Disclosure of known issues related to plumbing, electrical systems, and other critical home elements.
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Information related to potential hazards, such as lead paint or asbestos, that could affect health and safety.
When to Use the NHAR Property Disclosure Form
Sellers are required to complete the NHAR Property Disclosure Form when listing their residential property for sale. This form should be filled out prior to negotiations with prospective buyers to ensure that all information about the property is disclosed upfront. It serves as a crucial part of the real estate transaction process, helping to avoid potential disputes later on.
Eligibility Criteria for the NHAR Property Disclosure Form
Generally, any seller of residential property in New Hampshire should complete this form. Specific details about the property's condition, ownership, and legal status must be accurate and reflect the seller's knowledge. The seller is encouraged to be thorough and honest while completing the form to foster trust during the transaction process.
Best Practices for Accurate Completion
To ensure the NHAR Property Disclosure Form is filled out accurately, sellers should follow these best practices:
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Check maintenance records, warranties, or previous inspection reports for accuracy.
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If uncertain about any defects, consider hiring an inspector or real estate agent for advice.
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Disclose any known issues fully to minimize risk of future disputes with buyers.
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Provide clear and concise answers to avoid misunderstandings or misinterpretations.
Common Errors and Troubleshooting
When filling out the NHAR Property Disclosure Form, sellers may encounter common errors. These may include:
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Failing to answer all questions can lead to legal issues or buyer dissatisfaction.
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Providing wrong information can create conflicts during negotiations or after the sale.
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Not updating the form if new issues arise before the sale can have legal implications.
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Misunderstanding terms used in the form may result in incorrect completion.
Frequently Asked Questions about new hampshire real estate disclosure form
What is the purpose of the NHAR Property Disclosure Form?
The NHAR Property Disclosure Form serves to provide transparency in real estate transactions by disclosing known issues and defects related to a property.
Do all sellers need to complete this form?
Yes, any seller of residential property in New Hampshire is required to complete the NHAR Property Disclosure Form.
What are the consequences of not disclosing issues?
Failure to disclose known issues can lead to legal disputes, buyer dissatisfaction, and potential financial liabilities for the seller.
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People Also Ask about disclosure form residential
What is the SRPD?
Seller's Real Property Disclosure Form (SRPD)
Who is required to complete a seller's disclosure property conditions quizlet?
The answer is the seller. Most states require the seller to complete a property condition disclosure. The listing broker should review the disclosure form and question the seller about any items that are incomplete.
Do you have to say someone died in a house?
If you live in California, for example, you must disclose whether any deaths occurred on the property within the last three years. Few other states' laws contain such a requirement, however.
Is property disclosure form required in NH?
As a home seller, you might just want to sign on the dotted and cash your homeselling profits. Yet, before you can close the sale, you must make the state required disclosures. Yes, you read that right. Before selling your home, you must disclose any known issues with the property.
Do you have to disclose a death in a house UK?
We are now selling her home, do we have to disclose that she died in the property? Simply put, you are not required to disclose her death to potential buyers. Sellers are required to disclose certain defects to potential buyers, but a death occurring in a home is not a defect.
Who must complete a property disclosure form quizlet?
The answer is the seller. Most states require the seller to complete a property condition disclosure. The listing broker should review the disclosure form and question the seller about any items that are incomplete.
Do you have to disclose a death in a house in NH?
In New Hampshire, the seller doesn't need to disclose the fact that a homicide or suicide occurred on the property, but the seller must disclose if the buyer asks. Paranormal activity is not mentioned in the law.
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